WISCONSIN HOUSING REPORT - Metro Milwaukee AUGUST 2013
By Lisa Bear (RE/MAX REALTY CENTER) Waukesha,MilwWI Real Estate 2628935555
(Buyers Agent/Luxury/Lake/REO, listing package options)
WISCONSIN HOUSING REPORT - Metro MilwaukeeAUGUST 2013Strong demand for a limited supply of homes for sale has seemingly outweighed higher mortgage rates, at least for the time being. The idea that mortgage rates may rise further is likely spurring some of this demand. The dream of homeownership is very much intact, but buyers should be prepared with competitive offers, since every measure of market health is pointing upwards.New Listings in the Milwaukee region increased 8.5 percent to 2,210. Pending Sales were down 18.4 percent to 1,161. Inventory levels shrank 7.7 percent to 8,373 units.Prices got a lift. The Median Sales Price increased 2.0 percent to $182,500. Days on Market was down 17.5 percent to 81 days. Absorption rates improved as Months Supply of Inventory was down 15.4 pe...
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