Milwaukee, Waukesha, Washington
and Ozaukee counties all saw increases in the number
of homes sold in July when compared to 2014.
Washington County had the largest percentage
increase at 34.2 percent while Milwaukee had the
most homes sold at 1,098.
Source: Greater Milwaukee
Association of Realtors
WAUKESHA - It’s been nothing but good
news out of the real estate industry in recent months,
and on Monday the Greater Milwaukee Association of
Realtors announced that July was the sixth straight
month of positive sales and the fifth month in a row of
double digit sale increases.
In the metropolitan Milwaukee market,
home sales increased 12.1 percent in July, compared to
the same month in 2014. In July of this year, 2,199
homes were sold compared to 1,962 the same month in
Leading the four-county metro area was
Washington County with a 34.2 percent increase in home
sales for July (236 homes sold), compared to July of
2014a. Ozaukee County had an increase of 27.4 percent,
(172 homes sold), Waukesha County sales grew by 15.1
percent (693 homes sold), and Milwaukee County saw an
uptick of 5.2 percent (1,098 homes sold), when comparing
the same periods.
“The housing market is functioning very
efficiently,” according to Monday’s GMAR report. “Buyers
are out in force and very active. Sellers are pricing
their homes correctly, with many homes in ‘move-in’
condition receiving multiple offers. Overall, the market
appears to be balanced, with neither the buyer nor the
seller dictating pricing.”
According to the report, the amount of
inventory remains tight in 2015. The seasonally adjusted
inventory level for July was 7.4 months, down from
June’s 7.7-month level. The seasonally adjusted level
was 8.5 months in July 2014.
Listings have been increasing; however,
with each month in the first quarter having double digit
growth, but since then only one month has had increase.
In July, the metro area home listings increased by 3.1
percent, compared to 6.5 percent for Waukesha County,
2.5 percent for Milwaukee County, 1.2 percent for
Ozaukee County and decline of 2 percent for Washington