Today in Real Estate

By
Real Estate Broker/Owner with Crossroads Real Estate LLC
This is one opf my feature pages with all the Real Estate stats, market videos, and more. 
 
New residential real estate activity has been relatively slow in the first quarter of 2018, yet housing is proving its resiliency in a consistently improving economy. Some markets have had increases in signed contracts, but the vast majority of the nation continues to experience fewer closed sales and lower inventory compared to last year at this time. Despite there being fewer homes for sale, buyer demand has remained strong enough to keep prices on the rise, which should continue for the foreseeable future.
New Listings in the Milwaukee region decreased 14.8 percent to 2,264. Pending Sales were down 58.1 percent to 821. Inventory levels fell 3.3 percent to 4,330 units.
Prices continued to gain traction. The Median Sales Price increased 5.5 percent to $202,500. Days on Market was down 23.9 percent to 51 days. Buyers felt empowered as Months Supply of Inventory was up 7.4 percent to 2.9 months.
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