— The metro Milwaukee area saw home sales cool in April.
to data released Friday by the Greater Milwaukee Association of
Realtors, home sales declined 4.7% in April, compared to one year
earlier, for Waukesha, Ozaukee, Washington and Milwaukee counties.
were 1,757 homes sold in April 2019, versus 1,843 units in April
2018. For the fifth straight month sales declined in April;
however, it was the fouth strongest April since the start of the
century, according to the report.
declined the most in Ozaukee County at 11.8%, which was only
slightly worse than Washington County at 11%. Milwaukee County
sales declined 5.6% while Waukesha County increased 1%.
is a healthy amount of demand for homes by those seeking them.
More than 50% of sales occur within 30 days of a home being
listed, and most of those are for homes under $300,000,” wrote
Mike Ruzicka, president of GMAR. “Sales of properties under
$300,000 in Milwaukee and Waukesha counties, the engines of the
regional real estate market, were 85% and 50%, respectively,
of all sales.”
April home listings increased, which likely indicates more home
sales in May and June. Overall, the four-county region saw
listings increase 3.9%. All but Washington County had an increase
in listings: Ozaukee County was up 9.4%, Waukesha County was up
7.8% and Milwaukee County increased 2.2%. Washington County only
had a small decline of 0.8%.
2,617 listings were the highest number of listings in any April
since 2015 (3,085),” Ruzicka wrote.