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May 2016 Real Estate Report For Milwaukee WI

By Kristin Johnston - REALTOR®

Real Estate Agent with RE/MAX Platinum

June 13, 2016 07:03 AM

May 2016

We are in the thick of an exciting period of home buying and selling, often with
quick multiple offers that are near, at or even above asking price, depending on
the factors of the home and submarket in question. It was widely predicted that
we would see healthy sales activity during the second quarter of 2016, and the
market has not disappointed.

New Listings in the Milwaukee region decreased 7.7 percent to 2,591. Pending
Sales were down 33.4 percent to 1,293. Inventory levels fell 10.4 percent to
6,822 units.

Prices continued to gain traction. The Median Sales Price increased 1.0 percent
to $195,000. Days on Market was down 7.0 percent to 66 days. Sellers were
encouraged as Months Supply of Inventory was down 11.3 percent to 4.7
months.

Although inventory is still being stretched thin in many areas, low mortgage
rates coupled with higher wages have built a relatively sturdy housing
marketplace. How long that can continue without fresh supply remains an
important question, but conditions are seemingly good enough for serious
buyers. With the current slow state of new construction for non-rental
households, the road ahead could be tricky if demand remains high.

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.

Metro MLS members can call the Help Desk at 414-778-5450 or email support@metromls.com.

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Brian England

Ambrose Realty Management LLC - Gilbert, AZ

MBA, GRI, REALTOR® Real Estate in East Valley AZ

Looks like you changed up your format a little bit, still the solid information though!

Jun 13, 2016 10:58 PM

Lou Ludwig

Boca Raton, FL
Kristin Johnston - REA...

Waukesha, WI

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

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

Home buyers and sellers in the area will appreciate this information.

Jun 13, 2016 11:06 PM

Kristin Johnston - REALTOR®

RE/MAX Platinum - Waukesha, WI

Giving Back With Each Home Sold!

Thank you Brian and Gita!

Jun 13, 2016 11:46 PM

Lou Ludwig

Ludwig & Associates - Boca Raton, FL

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

Kristin

Thanks for sharing the May 2016 real estate market report for Milwaukee Wisconsin.

Good luck and success.

Jun 14, 2016 01:20 PM

Kristin Johnston - REA...

Waukesha, WI

Thank you Lou!

Jun 14, 2016 11:56 PM

The Wisconsin real estate market continues to trend forward with positive momentum.

Jun 16, 2016 12:25 PM

Thank you Lou~!

Jun 16, 2016 10:23 PM

Katerina Gasset

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

Amplify Your Real Estate & Life Dreams!

New look, same great content. Thanks for sharing this May 2016 market report for Milwaukee WI. Make it an awesome day.

Jun 17, 2016 01:43 AM

Thank you Nestor and Katerina!

Jun 17, 2016 10:39 AM

May 2016 Real Estate Report For Milwaukee WI

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