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Franklin Real Estate and Homes For Sale in Wisconsin - Troy Chowanec, RE/MAX Realty 100, Realtor®

15 March 2012 Milwaukee Real Estate Market Update

Hi, Troy Chowanec, RE/MAX Realty 100. Coming to you today from Crystal Ridge in Franklin, Wisconsin with your weekly market update. Today is Thursday March 15th 2012. I got an email from the Greater Milwaukee Association of Realtors this week with February statistics for home sales in the greater Milwaukee area. In Milwaukee County, home sales were up 21.1%. We had 493 Sales over the 407 sales we had last year. Almost 86% of these sales were though, were for homes priced under $200,000. In Waukesha County home sales were up 32.1% over last year. There were 222 sales vs. 168 same time last year. 41.3% of the homes sold though were under $200,000. An additional 30% of the homes that sold were between $200,000 and $300,000. The GMAR is saying that this is the 8th month in a row that sales are up by double digits over last year. This is really encouraging news.

The CSS (Centralized Showing Service) report this week shows that we currently have 874 listings that RE/MAX Realty 100 is representing Sellers on. We had 774 showing requests last week which means that you had an 88% chance of having a showing on your listing. This continues the trend another week where listings are down over last year and showing requests are up. So the market continues to tighten and we are continuing to see that there is a lot of garbage on the market and the good properties are getting lots of showings.

If you have any questions about how this affects you or impacts you please give me a call. Until next week I hope you have a great St. Patrick’s Day and enjoy this wonderful weather.

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