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January Real Estate Market Report, Milwaukee, WI, Kristin Johnston

By Kristin Johnston - REALTOR®

Real Estate Agent with RE/MAX Platinum

February 11, 2016 12:11 AM

January 2016

The natural ending point that is each December gives way every year to the optimism of January. This is particularly pronounced when the economy is strong and economists across the land are predicting increases in both prices and home sales. Granted, there has been some measured language surrounding the positive thinking. Although we are looking forward to a mostly decent year in real estate, it should be the kind of activity akin to a sure and steady life being lived rather than the jolt of a lottery win, which is just the way we want it.

New Listings in the Milwaukee region decreased 4.9 percent to 1,577. Pending Sales were down 35.0 percent to 614. Inventory levels fell 9.8 percent to 5,504 units.

Prices continued to gain traction. The Median Sales Price increased 9.0 percent to $172,500. Days on Market was down 7.5 percent to 86 days. Sellers were encouraged as Months Supply of Inventory was down 15.6 percent to 3.8 months.

Other than the change of another month and year, little else is changed in residential real estate both nationally and locally. Unemployment is solidly about the same, housing metric trends are running about the same for now and the sunny outlook is still at about high noon. Same is the sound of 2016, so get curled up and comfy with the song, because we are likely to sing it a lot this year.

All data for the market reports comes from the Multiple Listing Service, Inc. and is powered by 10K Research and Marketing. You can follow this link: Metro MLS Market Updates or visit www.metromls.com.

Please contact your respective MLS with any questions. You may also follow our updates at http://twitter.com/metromls.

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Roy Kelley

Retired - Gaithersburg, MD

Home sellers will be in very good hands when they select you as their listing agent.

Feb 11, 2016 12:23 AM

Lou Ludwig

Boca Raton, FL
Kristin Johnston - REA...

Waukesha, WI

Kristin Johnston - REALTOR®

RE/MAX Platinum - Waukesha, WI

Giving Back With Each Home Sold!

Thank you Roy!

Feb 11, 2016 12:30 AM

Katerina Gasset

The Gasset Group & Get It Done For Me Virtual Services - Provo, UT

Amplify Your Real Estate & Life Dreams!

Hello, Kristin! Great market report - as always! Thanks for sharing this and I hope you have a lovely day ahead!

Feb 11, 2016 01:02 AM

Roy Kelley

Gaithersburg, MD
Lou Ludwig

Boca Raton, FL
Kristin Johnston - REA...

Waukesha, WI

Ellen Caruso

Daniel Gale Sotheby's International Realty - Glen Head, NY

Hi Kristen, Looks like the spring will be taking a big leap in your statistics!

Feb 11, 2016 01:31 AM

Thank you Katerina and Ellen !

Feb 11, 2016 01:45 AM

Lou Ludwig

Ludwig & Associates - Boca Raton, FL

Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Kristin

Thanks for sharing the January 2016 market report for Milwaukee Wisconsin.

Good luck and success.

Feb 11, 2016 12:38 PM

Roy Kelley

Gaithersburg, MD
Kristin Johnston - REA...

Waukesha, WI

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Good morning Kristin, This is good information for home buyers and sellers in the area.

Feb 11, 2016 09:07 PM

Thank you Lou and gita!

Feb 11, 2016 11:11 PM

January Real Estate Market Report, Milwaukee, WI, Kristin Johnston

Comments(8)

Kristin Johnston - REALTOR®

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