June market report real estate sales in Milwaukee Wisconsin market

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Services for Real Estate Pros

 


Brought to you by April Hayden-Munson, I am a Realtor in Southeastern Wisconsin, welcome to my Blog.

Great news - just announced:  Home Sales Up 25.8% in June - This is the 12th month with increased sales over the previous year.


Home Sales Up 25.8% in June,
28.6% for the 2nd Quarter

These stats come from a  Market report for the Milwaukee Wisconsin Real Estate Market which was sent out today by the Greater Milwaukee Association of Realtors




The 4-county Metropolitan Milwaukee housing market continued its strong increase in June posting  a 25.8% increase in sales.


June was the 12th consecutive month in which home sales increased by double-digits.  I think the perfect storm is here.  With a combination of historically low interest rates, lower prices than we've seen in quite some time and a bit of pent up demand  the market is responding tremendously despite recent fluctuations in consumer confidence.

June also saw a 12.9% decline in homes listed for sale, continuing a recent trend as sales increased.  I've seen many hesitant sellers to go onto the market while it's been a buyer's market.  However, in today’s market the contraction of listings has led to a tight level of inventory, now at only 6.3 months.

The combination of higher sales and lower inventory should yield price pressure in the near future, making it a great time to sell your home if you've been waiting.  I would also like to point out that buyers should move to make a purchase now, don't wait for inventory to dwindle and create a seller's market where you will pay more to purchase a home.


County-by-County Sales Analysis for June compared to 2011:

• Milwaukee County up 27.2% in sales (969 units vs. 762 units)
• Waukesha County was up 20.3% (534 sales compared with 444)
• Washington County was up 54.8.% (161 vs. 104)
• Ozaukee County also up 11.0% (121 units vs. 109 units)
• Racine County up 2.1% in sales (198 units vs. 194 units)
• Kenosha County was down 5.7% in sales (164 units vs. 174 units)
• Walworth County up 34.7% in sales (132 units vs. 98 units)

County-by-County Sales Analysis for the 2nd Quarter compared to 2011:

• Milwaukee County up 25.2% in sales (4,555 units vs. 3,639 units)
• Waukesha County was up 31.7% (2,245 sales compared with 1,705)
• Washington County was up 43.8% (667 vs. 464)
• Ozaukee County also up 29.0% (503 units vs. 390 units)
• Racine County up 11.4% in sales (945 units vs. 848 units)
• Kenosha County was up 11.0% in sales (836 units vs. 753 units)
• Walworth County up 21.9% in sales (613 units vs. 503 units)

 

 

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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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Rainmaker
3,249,421
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

April

The real estate market report for June 2012 for Milwaukee Wisconsin is a real bright spot and is looking good.

Good luck and success.

Lou Ludwig

Jul 11, 2012 07:28 AM #1
Rainmaker
3,983,819
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Things are looking up and hopefully the Government keeps their nose out of if.

Good to see you back!

Jul 11, 2012 10:32 AM #2
Rainer
154,420
James A. Browning
Browning Real Estate School/REO Institute - International, IT
MRE REOCertified(R) SSCertified

Hello April, thanks for the information on your post. Please, join our group on LinkedIn, ‘REO Institute’. We share Real Estate information regarding market trends, Short Sales, BPOs, REOs, OREs, BOVs, ideas, Education/Training, and Commercial Education. We value you your comments, ideas, and opinions about the Real Estate Industry. Thanks, James, REO Institute

Aug 04, 2012 03:13 AM #3
Rainmaker
1,048,908
Fred Carver Personal Real Estate Corporation
RE/MAX Camosun Victoria BC Real Estate - Victoria, BC
Accredited Real Estate Consultant

Hi April...looking forward to reading your posts again soon

Cheers

Feb 17, 2014 07:11 AM #4
Rainmaker
1,936,382
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

April Hayden-Munson

Nice market report. It sure is nice to see things taking off better in 2015 now

Feb 17, 2015 05:34 AM #5
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Rainmaker
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April Hayden-Munson

Brookfield Wisconsin Real Estate
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