home at 217 Barstow St. in Waukesha displayed a for sale
an accepted offer Wednesday.
WAUKESHA — As is typical for the first month of the
year, January home sales in the
Milwaukee-Waukesha-Washington-Ozaukee counties were
slow. However, they were still lower than one year ago.
The Greater Milwaukee Association of Realtors on
Wednesday reported that sales decreased 3.5 percent when
comparing January to one year ago.
The only county that saw an increase in home sales last
month was Waukesha at 1.9 percent. Sales in Washington
County declined 20.4 percent, followed by Ozaukee at
19.3 percent and Milwaukee at 1.7 percent.
“It is difficult to deduce what the market will be like
in the future based on January sales. That is because
the winter months are historically low sales months. Out
of about 20,000 total sales in each of the last 3 years,
there were between 933-1,045 sales in January,” GMAR
President Mike Ruzicka said in the report. “Nonetheless,
January 2019 was the 7th month out of the last nine with
lower sales, dating back to May 2018.”
Lack of affordable housing is still a main contributor
to lackluster sales, Realtors have cited, Ruzicka said.
While home listings declined or remained nearly neutral
in the other three counties when comparing January 2019
to January 2018, Waukesha County had an increase of 20.8
percent in January. Milwaukee was close to neutral with
an increase of 0.3 percent for the month. Washington
County had a decline of 24.9 percent and Ozaukee
County’s number went down by 19.3 percent.
“Another trend continuing from where 2018 left off is an
increase in listings, which will hopefully address the
deficiency in sales in the months to come. Many homes
listed in January will become sales in February and
March,” Ruzicka wrote. “The 4-county area saw listings
go up 1.9 percent in January, the fourth month in a row
of increased listings. Waukesha County led the way with
a hefty 20.8 percent increase.”