WAUKESHA - Home
sales for January were down 3.2 percent from the same month a
year ago in the four-county Milwaukee-area metro real estate
The Greater Milwaukee Realtors Association
reported that 846 homes were sold in January compared with 874
in January 2012.
decline, brokers in the GMAR area are not disturbed,” The GMAR
said in a release. ”The decrease in sales is not an unusual
development, because the market often sees a slowdown in sales
in the winter months.
2013-2014 winter has proven to be harsh for excited buyers to
visit many homes or for brokers to host open houses.”
sales were down by 28 units compared with January 2013, the
number of homes sold in January of this year exceeded January
2012 totals by 11.3 percent, and the level of sales is on par
with what the market experienced before the Great Recession
began, the GMAR reported.
County and Milwaukee County each experienced January dips.
Waukesha County sold 217 homes, a 7.7 percent decline, and
Milwaukee County sold 499 homes for a 3.5 percent drop.
Washington County and Ozaukee County both had sales increases of
6.9 percent and 6 percent, respectively.
market listings decreased by 1.5 percent over the same month a
year ago. Waukesha County had nine less listings in January, a
2.2 percent decline. Washington County experienced the biggest
drop at 11.6 percent.
reported that inventory levels for January was at 6.0 months,
slightly below December’s rate of 6.1.
conditions were very balanced in January, despite several
factors that would seem to push the market into a more
aggressive direction,” the GMAR said in a release.
rates, home prices, availability of listings, and active buyers
are situated to fuel a robust market, which will probably arrive
with warmer weather.”