This home in the 2100 block of Irving Place is listed
Charles Auer/Freeman Staff
Single-family home sales for July were behind just 0.8
percent from a year ago, according to data released Monday
by the Metropolitan Listing Service, a wholly-owned
subsidiary of the Greater Milwaukee Association of Realtors.
which features Milwaukee, Waukesha, Ozaukee and Washington
counties, sold 1,962 homes in July compared with 1,978 homes in
July 2013. The July 2014 total was 17.8 percent ahead of the
1,666 mark in July 2012.
said that a sizable percentage of past years’ sales were
distressed properties, but in 2014 they are seeing more
‘regular’ and ‘solid’ sales, generally characterized as young,
first-time buyers, move-up buyers with children looking for a
larger home and empty-nesters moving into a new home or condo,”
a GMAR news release said.
County home sales were behind 5.8 percent from a year ago, after
it sold 602 homes in July compared with 639 in July 2013, the
increased in July by 2.4 percent in the four-county region,
making it the sixth consecutive month of positive figures.
Waukesha County was ahead 3.1 percent from the same month a year
The 2,703 new
listings in July pushed total listings in the market to 12,030.
adjusted inventory level for July was 8.4 months, slightly
behind June’s 8.5-month level. The seasonally adjusted level was
8 months in July 2013. If the 1,746 listings with an active
offer are subtracted from current listings, the inventory is
effectively 6 months, a slight improvement over June’s 5.8 month
level. A year ago, the same calculation showed July’s inventory
level at 5.7 months.
numbers down from 2013, brokers and agents are very enthusiastic
about the metropolitan real estate market,” the GMAR said. “The
quality of buyers is a major reason for their level of
confidence. Additionally, inventory has been rising by single
digits for most of the year, buyer interest remains high and
sellers can expect realistic prices (with some move-in ready
properties seeing multiple offers), all combine for a solid