Third Quarter Market Update

Dated: 10/20/2017

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Third Quarter Market Update



Home sales were up marginally in August, according to the Greater Milwaukee Association of REALTORS, August Home Sales were up 1.7% from past years with still an overall shortage of inventory, however the listing numbers were increased from previous months.

     This was seen across the board with overall sales success in the month, however still an overall frustration from buyers due to lack of inventory.These market conditions make it a great time to be a seller, especially as we go into fall; the strain on inventory combined with the serious pool of buyers looking at houses plays a crucial role in seller success. Click here to watch my 2 minute video on the benefits of selling in fall and winter. 

    Conversely, September home sales were down 5.2% from 2016, with a 1% increase in the median sales price and a -3.6% change in inventory. What this means is that the shortage or lack of properties is affecting how many homes are being sold, And also driving sale prices up for the homes that are currently listed.

    Buyer's however still have a huge advantage with the current low interest rates but now more than ever your best asset is a highly competitive, responsive agent who will help get you in the door first with the new listings, successfully compete in multiple offer situations, and negotiate on their best behalf.  Your team is that secret weapon you can rely on.


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Interested in what your home could sell for in Fall 2017? Give us a call for a FREE market analysis and we can discuss your Real Estate Goals and how we can help!

    262-901-0825 or email us at jim@donedeal.com


                                                                        All images and graphics used from GMAR.

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Jim Geracie

#1 Realty Executives Agent in Wisconsin 2003-2017! Top 10 International Realty Executives Agent 2016 More than 3,500 families have successfully bought and sold real estate with Jim The Jim Ge....

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