Real estate industry enjoys strong November
County saw 11.2% rise in closings

News Graphic Staff

Dec. 26, 2017

CEDARBURG — Ozaukee County, the greater Milwaukee area – and for that matter, all of Wisconsin – enjoyed a strong November home sales market, according to a news release from the Ozaukee Realtors Association.

Ninety-nine sales closed in Ozaukee County last month. That’s an 11.2-percent increase from 89 last November.

Regionally in the greater Milwaukee area – Milwaukee, Ozaukee, Waukesha and Washington counties – closed sales increased 7 percent.

Statewide, November had 6,213 closed sales, an increase from 5,960 in 2016, an increase of 4.2 percent. In 2017, year-to-date closed sales are up a modest 1.5 percent at 77,216 compared to 76,062 year to date in 2016, the news release added.

The continued limited inventory has helped boost prices around the area. The median price of homes in Ozaukee County in November was $292,000.

That’s the highest median price for November in the state, according to the data reported by the Wisconsin Realtors Association.

In greater Milwaukee, the median price was also up a healthy 5.9 percent to $196,000 from $185,000 in November 2016. Statewide the median price was also up 5.8 percent to $174.5,000 from $165,000, the release added.

“I feel like news from Realtor associations around the state sounds like a broken record,” said Troy Bretl, president of Ozaukee Realtors Association. “But the truth is the story continues to be tight inventory, yet sales remain strong, in no small part because Realtors are doing everything they can to help buyers and sellers navigate this crazy market.”

The Ozaukee Realtors Association is headquartered in Cedarburg.