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Milwaukee County Market Report ending 3rd Quarter 2008

By
Services for Real Estate Pros

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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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.