If only we had more homes to sell… Buyer demand has been strong all year and buyers often end up fighting over homes due to lack of inventory. This is affecting the number of sales in several areas. July marked only the third time in the last 23 months that sales decreased from the prior year.
Here’s a look at sales by County in the Milwaukee area (source Metro MLS and GMAR)
Milwaukee County home sales
1179 Milwaukee County homes sold this month compared to last July’s 1098. An increase of 7.7%.
Waukesha County home sales
637 Waukesha County homes sold this month compared to last July’s 396. A decrease of 8%.
Ozaukee County home sales
144 Ozaukee County homes sold this month, down from last July’s 172. A decrease of 16%.
Washington County home sales
237 Washington County homes sold this month compared to last July’s 236. Even.
Racine County home sales
268 Racine County homes sold this month compared to last July’s 254. An increase of 5.5%.
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