June Housing Report for Milwaukee, WI, Kristin Johnston, REMAX Realtor

By
Real Estate Agent with RE/MAX Realty Center


 

June 2015


 

The curtain closes and the first half of 2015 is a finished act. Monthly market
analysis helps nudge the real estate story forward for a final bow. The orchestra
(consumers) and conductor (the REALTOR®) are thanked. Metropolitan markets across the country continue to improve and further perform at
peaks not seen in years. Bad memories from that one lousy show known as the
Great Recession are pushed even further into the past.

New Listings in the Milwaukee region decreased 5.1 percent to 2,657. Pending
Sales were down 21.9 percent to 1,396. Inventory levels fell 2.7 percent to 8,210
units.

Prices continued to gain traction. The Median Sales Price increased 11.2
percent to $209,000. Days on Market was down 6.0 percent to 70 days. Sellers
were encouraged as Months Supply of Inventory was down 6.3 percent to 6.0
months.

Having six months of 2015 data in the books is great, but it is still just
intermission at this halfway point of the year. Forecasting market trends can be
as dicey as the weather, but with interest rates managing to remain low into the
summer months, the outlook is promising, even if rates go up later in the year.
Metrics like inventory and percent of list price received at sale are two of the
better understudies to watch this year.


 

 
All data for the market reports comes from the Multiple Listing Service, Inc. and is powered by 10K Research and Marketing. You can follow this link: Metro MLS Market Updates or visit www.metromls.com.

 

 

Any questions, please call the Help Desk at 414.778.5450. Or e-mail support@metromls.com. You may also follow our updates at http://twitter.com/metromls.

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Ambassador
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hi Kristin, you did  an excellent job in presenting these reports.  It gets the point and the statistics right across. All the best!

Jul 21, 2015 01:26 AM #1
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Wonderful presentation Kristin of your market. It was more like reading a drama with the results still uncertain.

Jul 21, 2015 01:38 AM #2
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Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Thanks much Nestor Katerina and Debbie :-)

Jul 21, 2015 08:38 AM #3
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Toni Weidman
Sailwinds Realty - Trinity, FL
26 Years Selling Homes in New Port Richey, FL

Kristin, this is very nicely done! I just read that we should try putting some drama and personality into our blogs. You did it!

Jul 21, 2015 11:40 PM #4
Rainmaker
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Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Awww shucks thanks Toni!

Jul 21, 2015 11:56 PM #5
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Kristin Johnston - REALTOR®

Giving Back With Each Home Sold!
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