This is something I do every 2 weeks to keep myself up to date on the numbers in the areas I work in. I thought I would post the results for you out there as well.

 These are for single family homes only in the areas I most often work in. I know there are other areas of Milwaukee that I am leaving out. If you have question on a particular area listed below or that I left out, please feel free to contact me.

The system I use is:

____ Active Listings

____ Sold in the last month

____ Month supply (Based on the number of homes sold in last month)

____ New homes (Listed in the last month)

Milwaukee County

4688 Active listings

528 Sold

9 Month Inventory

1085 Newly Listed homes

 I like to break it down to the cities of Milwaukee county as well.

Milwaukee

2797 Active Listings

230 Sold

12 Month Inventory

613 New Listings

Cudahy

72 Active

7 Sold

10 Month Inventory

28 New Listings

Franklin

184 Active

27 Sold

7 Months

40 New

Glendale

97 Active

12  Sold

7 Months

20 New listings

Greendale

36 Active

14 Sold

2.5 Months

10 New

Greenfield

137 Active Listings

14 Sold

10 Month Supply

45 New

Oak Creek

170 Active listings

26 Sold

10 month

38 new

South Milwaukee

104 Active

16 Sold

6.5 Month

20 New listings

St. Francis

33 Active

7 Sold

5 month

12 New

Wauwatosa

269 Active

58 Sold

4.5 Month

76 New Listings

West Allis

373 Active

56 Sold

6.5 Months

83 New

Based on these numbers, the  Current inventory and new listing inventory is coming down and home sales are up in the last 2 weeks. This is becoming more of what we in the industry call a normal market, where neither the buyer nor seller have the upper hand. This is an optimal time for both buyers and sellers. 

It is a great time to be a buyer as the amount of inventory to chose from does still remain high, and there is less competition from other buyers when submitting an offer.

It is a great time to be a seller as well, since there are curently less competing homes coming on the market, and sales are increasing every week. Bare in mind we usually expect the amount of new inventory to reach it's peak in July. So by waiting you will be among hundreds of other new listings.

Now is a great time in real estate to make a move. Despite all the negative media reports on the Real Estate market, it's important to remember that all real estate is local.

Milwaukee has really remained a stable place for those purchasing real estate and has actually seen a modest increase of close to 2% of average sold prices, while some other parts of the country are down 5%10%,20% or more.

 http://MilwaukeeRealEstate4U.com

http://BayViewRealEstate4U.com

http://AndrewBaumbach.com