Good NEWS from Wisconsin REAL ESTATE - Home Sales Up 44.2% in April

By
Real Estate Broker/Owner with Buyers Agent/Luxury/Lake/REO, listing package options

Home Sales Up 44.2% in April

Greater Milwaukee Association of REALTORs Logo

The housing market’s resurgence continued in April, increasing 44.2% in the 4-county metropolitan area. April is the 10th month in a row in which home sales have increased by double-digits. April sales (1,541) were about even with sales in April of 2010 (1,555), at the height of the federal tax credit.

April is usually the first notably busy month of the year for REALTORS® as they take listings and help buyers find homes. This year, however, agents have been active much earlier than typical. The combination of unusually warm weather, gradually increasing consumer confidence, low interest rates and low prices have established a firm pattern of recovery in the Metropolitan Milwaukee housing market.

The abundant inventory that had been characteristic of the Milwaukee market over the last few years, seems to be waning, as listings have declined in three of the last 4 months, 4.3% in April. Brokers are reporting significant tightening of listings in certain communities around the area. This is a noteworthy exception to a ‘typical’ spring market when new listings are abundant.

There are 13,157 active listings in the MLS at this time, which represents 8.5-months of inventory. A steep decline from the 10.5-months of just a month ago in March, and nearly half of the 15.4-months we had in January.

The supply of foreclosed properties in the hardest hit area in the City of Milwaukee push up the region’s average supply numbers, so the inventory level is probably even lower in suburban communities and even some neighborhoods within the city.

County-by-County Sales Analysis:

  • Milwaukee County was up 38.8% in sales over 2011 for April (910 units vs. 658 units)
  • Waukesha County was up 46.4% vs. April 2011 (410 sales compared with 280)
  • Washington County was up 68.8% compared to last year (118 vs. 70)
  • Ozaukee County was also up 68.9% vs. April 2011 (103 units vs. 61 units)
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Wisconsin Milwaukee County Wauwatosa Moving Or Relocating To Wauwatosa Wisconsin
Groups:
The Art Of Marketing You
Wisconsin Homes for Sale
We Are Women!
Discover Waukesha County and Lake Country Living
Discover Milwaukee and Everything Milwaukee County
Tags:
real estate news
real estate activity
buying a home in waukesha county
homes sales are up
lisa bear waukesha realtor

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
282,339

Lisa Bear (RE/MAX REALTY CENTER) Waukesha,MilwWI Real Estate 2628935555

Looking for free analysis of the value of your home?
*
*
*
*
Spam prevention

Additional Information