OZAUKEE COUNTY - First quarter home sales in
Ozaukee declined from last year, but were better than the
four-county metro area as a whole.
County, home sales for the first three months of 2014 declined
7.7 percent - from 196 last year to 181 this year, according to
the Greater Milwaukee Association of Realtors.
four-county area of Milwaukee, Waukesha, Washington and Ozaukee
counties, home sales declined by 10.2 percent in the same
period. There were 2,921 sales during the first quarter of this
year, compared to 3,254 at the outset of 2013.
“A decrease in
sales is not unusual in the winter months,” a news release said.
“Buyers have decided to search online before going out.”
Despite a slow
market in the first quarter, area brokers expect the market to
be on par with - and possibly beat - the 18,203 unit sales of
2013 as the economy continues to improve and expand, the news
placed on the market increased by 2.7 percent for the quarter,
both in Ozaukee County and in the entire four-county area. There
were 377 listings in Ozaukee County, compared to 367 during the
same period a year ago. For the entire four-county area, there
were 6,506 listings, compared to 6,335.
level was 6.7 months for March, a sign of a very healthy spring
market. Inventory in the six-month ballpark is the sweet spot
for listings because it provides an ample array of choices for
buyers without applying too much price pressure up or down, the
news release said.
the weather, market conditions were good in the first quarter,”
the news release said. “Interest rates, home prices and active
buyers are situated to fuel a robust spring and summer market.”
Milwaukee Association of Realtors is a 4,000-member-strong
professional organization dedicated to providing information,
services and products.