Metro Milwaukee home sales down due to low inventory. Buyers driving sales prices up.

Across Metro Milwaukee, sales were down 4 % compared to last March. They were 20% higher than March sales in 2014. The market remains very busy with buyers often competing in multiple offer situations.

It is prime listing opportunity time.  We have a shortage of inventory of homes for sale & buyers waiting. Talk to your First Weber agent today about your home’s value in today’s real estate market. 

 

Here’s a look at sales by County in the Milwaukee area (source Metro MLS)

Milwaukee County home sales
835 Milwaukee County homes sold this month compared to last March’s 864. A decrease of 3.4%. Median sale price up 7.9%

Waukesha County home sales
393 Waukesha County homes sold this month compared to last March’s 422. A decrease of 6.9%. Median sale price up 1.3%

Ozaukee County home sales
79 Ozaukee County homes sold this month compared to last March’s 102. A decrease of 22.5% Median sale price up 3.2%

Washington County home sales
154 Washington County homes sold this month compared to last March’s 134. An increase of 14.9% Median sale price down 4%

Racine County home sales
213 Racine County homes sold this month compared to last March’s 182. An increase of 17%. Median sale price down 10.7%

If you are thinking of selling your home, check out your competition – the current homes for sale – at firstweber.com
This is a great time to move up to a better home with low interest rates. While not ideal, remember you can always rent for a month or two if your home sells before finding your next perfect home. You can even end up renting your own house back while your new home is in the closing process. This can be negotiated and is an option to think about if you want to sell but are concerned about finding your next place. Contact a First Weber agent today to talk.

First Weber sells real estate throughout Wisconsin: Metro Milwaukee and Southeastern WI, South Central Wisconsin/Greater Madison, Southwest Wisconsin, Western Wisconsin, Central Wisconsin, Northeast Wisconsin and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com

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