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Real Estate Market Update for West Allis, Wisconsin for June 2009

By
Real Estate Agent with First Weber Group/short sale/cdpe/gri

There were 65 sold properties in June with an average sold price of $134,850 at 96.17 % of list price.  The average time on the market was 104 days.  The currently are 42 accepted offers with scheduled closings in the future.

In June 2009 there were 11 fewer sales than there were in 2008 or 14.5% less sales.  However, there were 53 fewer listings or a reduction of over 33% in new listings for June 2009 when compared to June 2008.

There are currently 534 properties listed with an average list price of $180,031 and aveage marketing time of 136 days.

50% of the sold activity was in $110,000-$160,000 range.