The stats for the Milwaukee County Market Report for the first 3 quarters of 2008 are the following:
Year to date sales are 4,351 with 5,117 for 2007.
476 sales were obtained in September of 2008 with 423 in the same period in 2007.
Although year to date sales are behind that of 2007. The sales increasing and the inventory declining is a sign that the market should be taking a turn here - FOR THE BETTER!
Number of Sold Listings | Dollar Volume of Sold Listings | Median Sale Price | ||||||||||
2007 | 2008 | Diff | Chg | 2007 | 2008 | Diff | Chg | 2007 | 2008 | Diff | Chg | |
January | 373 | 274 | -99 | -26.5% | $ 64,816,620 | $ 47,083,907 | -17,732,713 | -27.4% | 153,000 | 142,000 | -11,000 | -7.2% |
February | 455 | 333 | -122 | -26.8% | $ 79,275,168 | $ 54,878,928 | -24,396,240 | -36.1% | 156,000 | 147,000 | -9,000 | -5.8% |
March | 572 | 428 | -144 | -25.2% | $ 105,309,651 | $ 74,767,453 | -30,542,198 | -29.7% | 164,500 | 155,900 | -8,600 | -5.2% |
April | 551 | 469 | -82 | -14.9% | $ 103,948,871 | $ 84,504,738 | -19,444,133 | -18.8% | 164,000 | 163,500 | -500 | -0.3% |
May | 689 | 548 | -141 | -20.5% | $ 131,560,739 | $ 101,214,976 | -30,345,763 | -23.1% | 167,900 | 159,900 | -8,000 | -4.8% |
June | 769 | 621 | -148 | -19.2% | $ 158,385,668 | $ 116,740,692 | -41,644,976 | -29.7% | 172,300 | 165,500 | -6,800 | -3.9% |
July | 615 | 623 | 8 | 1.3% | $ 122,440,458 | $ 114,397,784 | -8,042,674 | -10.5% | 170,800 | 160,000 | -10,800 | -6.3% |
August | 670 | 579 | -91 | -13.6% | $ 127,947,760 | $ 103,707,725 | -24,240,035 | -19.0% | 167,500 | 158,000 | -9,500 | -5.7% |
September | 423 | 476 | 53 | 12.5% | $ 78,205,799 | $ 81,525,747 | 3,319,948 | 2.3% | 165,000 | 148,000 | -17,000 | -10.3% |
October | 474 | 239 | -235 | -49.6% | $ 93,226,964 | $ 38,173,335 | -55,053,629 | -59.1% | 155,000 | 145,000 | -10,000 | -6.5% |
November | 461 | 0 | -461 | -100.0% | $ 85,639,929 | $ 0 | -85,639,929 | -100.0% | 161,000 | 0 | -161,000 | -100.0% |
December | 318 | 0 | -318 | -100.0% | $ 60,535,681 | $ 0 | -60,535,681 | -100.0% | 154,000 | 0 | -154,000 | -100.0% |
Total | 6,370 | 4,590 | -1,780 | -27.9% | $ 1,211,293,308 | $ 816,995,285 | -394,298,023 | -32.9% | 164,800 | 156,900 | -7,900 | -4.8% |
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