Menomonee Falls Wisconsin Real Estate Market Report

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Services for Real Estate Pros

Menomonee Falls Wisconsin Real Estate Market Report for November 2009

The year in real estate..... The numbers are in for Menomonee Falls Wisconsin Real Estate sold for the year up to November 30, 2009.

Menomonee Falls Wisconsin has seen the housing inventory reduced this year over the past 2 years.  The prices are also coming in lower.  The November numbers for Menomonee Falls sold homes are up compared to the last 2 years sales.  The first time buyers were rushing to get their deals done before the deadline of November 30th to receive up to $8,000 in tax credit money.  With that in mind, the numbers for November were 36 sold homes in Menomonee Falls, with a median price of $190,750 (down from $264,900 in 2008).  This is a reflection of the strong first time buyer numbers.  For the year - the sales in Menomonee Falls are down just a bit from total sale last year, this year to date the sales are 366 Total... (396 in 2008).  The median sale price for the year to date is $214,250  (compared to $235,000 for 2008).  Again I believe this is a reflection of the price range that is selling - the affordable homes for first time buyers. 

 

Background on the "revised" Tax Credit

Signed into law last month, the $8,000 tax credit was extended to first-time home buyers who purchase a home between November 7, 2009 and April 30, 2010. In addition, a $6,500 credit is available for current homeowners who have owned and used the same home as a principal or primary residence for at least five consecutive years of the last eight years and who purchase a new home as a primary residence by April 30, 2010. Contact me if you'd like more details.

 

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For help with buying a home.

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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. Serving Milwaukee, Waukesha, Washington counties and the surrounding area.

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buying a home
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april haydenmunson

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Rainmaker
3,978,945
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

April...as much as I hate the incentive program...It does seam to be getting a few homeowners off the fence!

Dec 16, 2009 09:31 AM #1
Rainmaker
911,329
Ann Hayden
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Chesterfield, MO
SelectAnn.com

April,

I think the tax credit is helping.  Hope all is well with you.

Ann Hayden in Wildwood, MO

Jan 13, 2010 06:16 AM #2
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Rainmaker
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April Hayden-Munson

Brookfield Wisconsin Real Estate
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