Reporting on sales and activity for Wauwatosa Wisconsin for the month ending September 30, 2008.
September sales in Wauwatosa show as 31 closings. In 2007 data shows 27 sales for the same time period.
There are currently 241 active listings in Wauwatosa. That is 13 months supply on the market. This indicates we are in a buyers market. When inventory is at 5 months or less, it is considered a "sellers" market.
Sales are up slightly from 2007 - that is a good sign.
Building permits across the country are down to just under a million, historically this is an INDICATOR that we have reached the BOTTOM of the market.
If sales for this past month are an indicator, sales are increasing. That is good news for the economy and the seller's in the area.
If you would like a market report on your neighborhood or an evaluation on what your home is worth, contact me.
If you are a buyer - THIS IS IT!!! There is a great amount of inventory to choose from and interest rates are still low. Contact me if you'd like help with finding a home.
Data is from the MLS - Multiple Listing Service as of 10-1-08
You can find great local Milwaukee Wisconsin area real estateinformation on Localism.com April Hayden-Munson Realtor, Southeastern Wisconsin is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
Serving all of your Southeastern Wisconsin Real Estate Needs. To view homes for sale go to http://www.movewithapril.com
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