Shorewest Realtors reports strongest market since 2007

Freeman Staff

March 31, 2015

BROOKFIELD — Even though the winter months are viewed as the slowest period for real estate in Wisconsin, Shorewest Realtors reported 2015 is off to the best start since 2007.

The company reported that home sales have increased 1.2 percent when comparing the winter months of 2014 to the same period in 2015. The statewide median price rose to $137,900 in February, which is a 6.1 percent increase compared to February 2014.

Shorewest reported the Milwaukee region housing market is “hot” and is expected to outpace the rest of the country with a 4.9 percent increase in home values, according to the Clear Capital’s Home Data Index Market Report, based on data and analysis through December 2014.

In addition, low mortgage rates and modest state job growth have helped the housing market, Shorewest reports.

“We predicted that 2015 was going to be strong, and it is already far surpassed our expectations,” said Joseph A. Horning, president of Shorewest Realtors, in a statement. “Many of our agents have reported that they are busier now than in the summer market.”