OZAUKEE COUNTY — The Greater Milwaukee Association of
Realtors released its second quarter report, which
surveys the housing market performance in Milwaukee,
Ozaukee, Washington and Waukesha counties.
number of sales in the month of June in Ozaukee County
increased by 6.1 percent compared to the same time last
year, the second-best showing in the four-county area,
according to the report. Increases also occurred in the
other three counties, with Washington County recording a
staggering 23.8 percent jump.
Waukesha County reported a 2.8-percent increase and
Milwaukee County a 0.4-percent rise.
Inventory still remains tight, with a low number of
properties relative to buyer demand, according to the
GMAR report. Houses under the $350,000 mark are
Ozaukee County saw a decrease in the number of listings
between June 2016 and June 2017. However, its overall
number of listings in the second quarters of 2016 and
2017 saw an increase.
GMAR survey conducted in May revealed that many sellers
are reluctant to list their homes due to potential
policy changes under the Trump administration, including
mortgage interest deduction, taxes and health care.
While the four-county market surpassed its peak 2006
average sale price of $259,473, Ozaukee County still has
yet to reach its peak of $318,360. The second-quarter
sales price average was marked at $316,843, an increase
from the $307,006 measured for the second quarter of
2016, data showed.