The real estate market remains busy, sales slowing a bit because of a lack of inventory. However, all counties have recently seen an increase in inventory of homes for sale- anywhere from a .4% increase in new listings (Waukesha County) to an increase of 10% (Washington County).
“Market conditions are ripe for a strong spring and summer market. Job security and prospects look good, and interest rates continue to hover around historic lows. The biggest cloud on the horizon is the supply of homes, both existing and new construction. ” (source Metro MLS)
Months of inventory across the metro area remains under 4 months, strongly leaning towards a seller’s advantage as buyers compete for available homes. Here’s a look at sales by County in the Milwaukee area (source Metro MLS)
Milwaukee County home sales
885 Milwaukee County home sales this year compared to last March ’s 835. An increase of 6%.
Waukesha County home sales
422 Waukesha County home sales this year compared to last March ’s 393, an increase of 7.4%.
Ozaukee County home sales
84 Ozaukee County home sales this year compared to last March ’s 79, an increase of 6.3%.
Washington County home sales
146 Washington County home sales this year compared to last March ’s, a decrease of 5%.
Racine County home sales
199 Racine County home sales this year compared to last March ’s 213. A decrease of 6.6%.
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