OZAUKEE COUNTY —
According to data provided by the Greater Milwaukee Association of
Realtors, home sales in the metropolitan Milwaukee Area decreased an
average of 1.1 percent in September, marking only the third time in
2017 that sales fell.
Out of the last
22 months, dating back to January 2015, only seven months did not
post an increase in housing sales for the metropolitan Milwaukee
But sales were
decidedly mixed in the three outlying metropolitan counties, with
Ozaukee County’s sales dropping 4.2 percent and Waukesha County
decreasing 11.9 percent. Yet, Washington County sales were up 20.4
percent from September 2016.
Graphic courtesy of Greater Milwaukee Association
along with Milwaukee County, represent the counties that generally
offer the most affordable housing stock. According to a GMAR press
release, Ozaukee and Waukesha counties, generally exhaust their
affordable properties during the summer months. The GMAR notes that
in the current Metropolitan Milwaukee market, a property is
considered affordable if it is priced below $350,000.
quarter numbers, Ozaukee County posted a 1.9-percent increase in
sales and a 7.3-percent increase in housing stock when compared to
2016. Overall, the GMAR notes that the area is in the midst of a
three-year listing drought. The last time the area had consecutive
months of new listings was from February through March 2015.
The average sale
price for a home in Ozaukee County has increased $10,822 from 2016
to 2017. This continues a five-year run of increasing values for
homeowners in the county, as well as in the metropolitan Milwaukee
area. The average time a home is on the market in the county has
also decreased from 84 days to 59 days, a decrease that is being
While the number of
home sales for Ozaukee County, as well as sales for several
surrounding counties, were down for September 2017 over September
2016, statistics show that the selling value of homes is on the
rise. Ozaukee, Washington, Waukesha and Milwaukee counties all show
increases in the average sale prices of homes for the third quarter
this year over the same time period last year. The number of sales
for the third quarter is up also, in spite of September being down.