Home listings, sale prices decline, Realtors group says

News Graphic Staff

June 6, 2017

CEDARBURG — Although active listings in Ozaukee County for April increased by 23 compared to March, year-over-year active listings for April declined 10 percent to 457 from 508, according to a news release from the Ozaukee Realtors Association.

New listings also were down 10 percent for that same time period from 179 to 161. Both pending sales and closed sales in April remained flat, down one at 67 and 103 respectively over April 2016.

Year-to-date, active listings in Ozaukee County fell 13.8 percent for 2017 at 1,559, compared to 1,808 for 2016. Closed sales were down 3.1-percent year-to-date with 286, compared to 295 in 2016. Pending sales, however, were up 5.9percent year-to-date at 197, compared to 186 last year.

The median sales price in April for Ozaukee County homes was up 13.3 percent to $289,000, compared to $255,000 for April 2016 and compared to $252,000 for last month. Year-to-date, the median price is up 6.7 percent at $262,770 from $246,280, according to the ORA.

“It’s definitely competitive out there,” said Carolyn Stangl, president of Ozaukee Realtors Association. “The increase in the median prices for April over last month and compared to last year is a strong indicator of this, as is the relatively nominal change in pending and closed sales. We can’t say it enough: inventory is at a crucial low right now, so if you’re at all considering selling, now is the time.”