Home sales slide in Ozaukee County
Sales, inventory both show slight declines in January

By Gary Achterberg - News Graphic Staff

Jan. 17, 2015

OZAUKEE COUNTY — January home sales declined in Ozaukee County in January, compared to the same month last year.

The Greater Milwaukee Association of Realtors reported that there were 51 home sales in Ozaukee County last month, compared to 53 in January 2014.

That’s a 3.8 percent decline, which roughly mirrors the 3.1 percent decline recorded across the four-county area that the GMAR charts.

Throughout the metro Milwaukee area, there were 820 home sales last month, compared to 845 in January 2014.

Washington County was the only one of the four counties not to show a decline. It stayed steady with 77 home sales in each of the last two Januaries.

Milwaukee County led the way with over half of the sales in the four-county marketplace, but lagged 4.4 percent behind January 2014.

Sales in Waukesha were nearly steady. There were 215 sales last month and 217 in January 2014, a 0.9 percent decline.

“Brokers identified two factors for the slower market – cold weather and low inventory,” the GMAR news release said. “Brokers reported that traffic did pick up the last weekend of the month, after the Packers were eliminated from the NFL playoffs.”

Inventory in Ozaukee County declined in the comparison of the last two Januaries. There were 105 listings in the county this January, compared to 108 a year ago. That is a 2.8 percent decline.

Across the four-county metro area, there was a 1.4 percent decline in listings. There were 1,835 this year and 1,861 last year.

Milwaukee County recorded a 5.5 percent decline. There were 1,052 listings last month, compared to 1,113 in January 2014.

The other two counties in the region showed an increase. Washington County had a 13.8 percent jump, from 480 units in January 2014 to 496 units last month. The 3.3 percent increase in Waukesha County reflects a rise from 480 units to 496 units during the same time period.

The seasonally adjusted inventory for January was 6.1 months, down a bit from Decembers 6.3-month level. The seasonally adjusted level for January 2014 was 6.0 months and 7.1 months in January 2013, the news release said.

Subtracting the 1,224 listings with an active offer in January from current listings presents an effective inventory level of 4.3 months, just a bit lower than December’s 4.4month level.

A year ago, the same calculation showed January’s inventory level at 4.3 months as well, the release said.

“Inventory is very tight and the market is in need of more homes for sale to meet current demand,” the GMAR said in the release. “The increase in listings in Waukesha and Washington counties is hopefully a sign of things to come.”

Gary Achterberg can be reached at .