bungalow for sale Tuesday in the 300 block of
East College Avenue in Waukesha. It is listed for
WAUKESHA — Three of the four metropolitan Milwaukee
counties saw their home sales go up in February compared
to a year ago, except for Washington County, which had
sales tumble 31.6 percent.
According to data released Tuesday by the Greater
Milwaukee Association of Realtors, Milwaukee County had
an increase of 1.8 percent in February compared to
February 2018, while Waukesha County increased 5.6
percent and Ozaukee County went up 1.9 percent. When
combining the numbers, home sales declined 1 percent in
the four-county metro region.
The report said area real estate brokers attributed the
lower sales mostly to the bad wintry weather.
New home listings continued to remain low in February,
which the report says could mean that the market will
remain tight going forward in 2019. “Buyers’ inability
to increase their offer has a significant effect on
price increases; particularly properties traditionally
considered ‘first-time’ buyer properties, which in the
current market are generally those under $300,000. With
40 percent of the market consisting of first-time
buyers, they have a cap on what they can add to their
offer before losing a property,” reads the report
prepared by Mike Ruzicka, GMAR president.
Listings declined in all four Milwaukee-WOW counties in
February compared to last year.
Ozaukee County took the biggest hit at 22.7 percent,
followed by Milwaukee County at 16.7 percent, then
Washington County at 13.2 percent and ending with
Waukesha County at 7.1 percent.