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Real Estate Market - Ozaukee and Washington County - March 2015
The spring housing market is upon us. Interest rates are low and so is inventory in most areas. Here's a snapshot of single-family sales in Ozaukee and Washington counties and how they compare to the last three years.
The number of single-family homes that sold in March this year (80) nearly doubled over January and February, and is also up 75% over the same time last year.
Prices are holding pretty steady January through March, and are just below where they were one year ago.
While the average days on market are below what they were a year ago, they are up from January and February.
The number of single-family homes that sold last month is up considerably over January and February(nearly 100%).
The average sale price is also greater than the past couple of months, as well as this same time last year.
We like to see the average days on market decrease, and that's exactly what happened in March.
So what does this mean for you if you are thinking about buying or selling?
For sellers, prices are starting to increase, and with low inventory in several areas, that is likely to continue. However, interest rates are expected to creep up by the end of ... more
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