A house for sale at 2419 Patrick Lane in Waukesha is
listed for $294,900.
OCONOMOWOC - Home sales in Waukesha
County increased by 12.7 percent this October, up to 461
from 409 in October 2013, according to a report the
Greater Milwaukee Association of Realtors released
The two-month streak began last month,
when home sales improved 7.6 percent from September
Waukesha County carried the four-county
Metropolitan Milwaukee market to a 3.7 percent
improvement overall, the region's second consecutive
improvement, assisted by a 2.4 percent increase in
neighboring Milwaukee County. Contrarily, the Metro
Milwaukee year-to-date numbers are lagging 2013 by 3.8
The GMAR press release stated that real
estate agents are optimistic about the market that has
unloaded many of its distressed properties, calling it
more 'traditional,' meaning more first-time buyers,
buyers with children looking for larger homes and
empty-nesters buying new homes or condos.
Listings also increased from last October
- 0.2 percent in Waukesha County and 1.6 percent in the
The market is challenged in that
first-time buyers are at 33 percent, 7 points behind the
historic rate of 40 percent, largely due to mortgage
qualification, the slow job market and student debt,
according to a National Association of Realtors report.
Despite sales numbers being down in eight
of ten months this year, the GMAR remains bullish on the
market, citing interested, quality buyers and properties
receiving multiple offers.
The GMAR projects final 2014 home sales
to decline 4.5 percent in the Metro Milwaukee market.