Milwaukee Real Estate Market Report September 2018

By
Real Estate Agent with RE/MAX Realty Center
MARKET REPORTS: September 2018
 
Some economy observers are pointing to 2018 as the final period in a long string of sentences touting several happy years of buyer demand and sales excitement for the housing industry. Although residential real estate should continue along a mostly positive line for the rest of the year, rising prices and interest rates coupled with salary stagnation and a generational trend toward home purchase delay or even disinterest could create an environment of declining sales.

New Listings in the Milwaukee region decreased 7.4 percent to 1,887. Pending Sales were down 63.1 percent to 578. Inventory levels fell 3.3 percent to 4,964 units.

Prices continued to gain traction. The Median Sales Price increased 10.2
percent to $223,000. Days on Market was down 25.6 percent to 32 days.
Buyers felt empowered as Months Supply of Inventory was up 6.5 percent to 3.3 months.

Tracking reputable news sources for housing market predictions makes good sense, as does observing trends based on meaningful statistics. By the numbers, we continue to see pockets of unprecedented price heights combined with low days on market and an economic backdrop conducive to consistent demand. We were reminded by Hurricane Florence of how quickly a situation can change. Rather than dwelling on predictions of a somber future, it is worth the effort to manage the fundamentals that will lead to an ongoing display of healthy balance.
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.
 
The views and opinions expressed in this article are those of the authors and should reflect only on trends that affect the economics of real estate.

Please contact your respective MLS with any questions. You may also follow our updates at  http://twitter.com/metromls.  Metro MLS members can call the Help Desk at 414-778-5450 or email  support@metromls.com
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Rainmaker
1,622,006
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

It seems like some of the statements in the report are conflicting Kristin Johnston - REALTOR® I think YOU are going to have great success in the next year and far long after that.

Oct 11, 2018 09:20 AM #1
Rainer
211,404
Ben DeHaven
Haven Realty & Investments - Winter Haven, FL
Proudly serving Winter Haven & Lakeland, Florida

Keep up the good work Kristin and have yourself a super weekend!

Oct 12, 2018 10:40 AM #2
Rainmaker
3,157,670
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Thanks Bob and Ben!

Oct 12, 2018 01:17 PM #3
Rainmaker
2,806,432
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Kristin Johnston - REALTOR® thanks for the very valuable real estate market report for Milwaukee and have a wonderful day.

Oct 13, 2018 09:23 AM #4
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Rainmaker
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Kristin Johnston - REALTOR®

Giving Back With Each Home Sold!
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