Inventory continues to present a challenge to Ozaukee County real estate market

News Graphic Staff

June 13, 2017

CEDARBURG — Real estate inventory continues to be an issue in Ozaukee County and throughout the country as recent May home sales data indicate, according to a news release from the Ozaukee Realtors Association.

Although new listings were down 2.8 percent from May 2016 to May 2017 – from 181 to 176 – active new listings were down 14.1 percent for the same time period, from 560 to 481, a strong indicator of the tough market out there, the news release added.

On a positive note, pending sales were up 18.2 percent this May compared to May 2016 – from 66 to 78 – and closed sales were up 18.4 percent – 135 from 114 – in the month-to-month comparison. Year to date, both pending sales and closed sales are up 8.7 percent and 2.9 percent, respectively, according to the news release.

“Even with the tight market, we’re continuing to see positive sales in the county this spring,” said Ozaukee Realtors Association President Carolyn Stangl. “May’s active new listings were up, with 176 compared to April’s 169. Although not a lot, it shows we are still in an active spring market.”

The Ozaukee Realtors Association is headquartered in Cedarburg.

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