Single-family home sales in the Metropolitan Milwaukee region
dropped 4.6 percent from last year’s third quarter, according to
data the Greater Milwaukee Association of Realtors released this
The four-county region, comprising Milwaukee,
Waukesha, Washington and Ozaukee Counties, sold 13,282 homes in
third quarter 2014, compared with 13,917 in the same time period
GMAR Chairman and manager of the First Weber Group office in
Waukesha, said in the press release that the market is actually
stronger than last year.
sales numbers are down for the year,” he said, “we’re actually
having a better year, because the market in our area isn’t
flooded with foreclosures and distressed properties like last
September home sales improved 3.6 percent, from 1,484 in 2013 to
1,537 this year.
listings have increased 3.7 percent since last September.
January and August were the only months to yield negative
figures in 2014.
County experienced a 7.6 percent improvement in September home
sales but a 5.9 percent decrease between third quarters 2013 and
2014. The 625 homes listed were 6.5 percent more than last
County’s home sales dropped 2.7 and 3.2 percent in September and
third quarter 2014, respectively. There were 1.9 percent more
homes listed in the county this September, adding 25 more than
listings and fewer sales, average prices in the region were up
by 1.1 percent through the third quarter, from $224,833 in 2013
to $227,367 this year.
improved by 1 percent in Waukesha County, from $278,424 to
$280,978, and prices appreciated in 22 of its 29 communities.
“We are still
seeing competing offers in the Waukesha area,” said Sue Derby, a
Waukesha Shorewest Realtors agent. “However, that doesn’t
necessarily mean that homes are selling for at or over asking
County led the region with a 5.2 percent price increase, from an
average sale price of $142,171 in September 2013 to $149,582
the GMAR press release, the outlook for the housing market is
positive, citing active buyers, favorable interest rates and
strong employment numbers.