Reporting on sales and activity for Waukesha Wisconsin for the month ending September 30, 2008.
September sales in Waukesha show as 63 closings. In 2007 data shows 57 sales for the same time period. Year to date there have been 498 sales, in 2007 there were 600 for the same period.
There are currently 456 active listings in Waukesha. That is a little over 7 months supply on the market. This indicates that we are still in a buyers market. When inventory is at 5 months or less, it is considered a "sellers" market.
Sales are up this month from 2007 - that is a good sign. Inventory is down, this too is a very good sign for the real estate market.
NATIONWIDE:
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 still a nice 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
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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.
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