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

February 2013 Milwaukee WI Real Estate Market Update

Hi, Troy Chowanec with RE/MAX Realty 100 I’m coming to you with your February 2013 market update for the city of Milwaukee and surrounding area. Existing home sales were up 18.3% in the 4 county area for January 2013 compared to January 2012. That’s 19 consecutive months of double digit sales increases when compared year over year. The Median home price was up 3.4% to $123,000.

In Milwaukee County the median price for 2012 was $100,000 and that was down over 2011 when the median price was $102,000 and significantly lower than the median price of $161,900 back in 2007. In Waukesha County things are looking a lot better. The median price for homes sold in 2012 in Waukesha County was $224,900. That’s significantly higher than the $219,000 median price we saw in 2011. If you go back to 2007 the median price in Waukesha County was $250,000. So Waukesha County has rebounded quite well at least as far as the 2012 statistics would suggest.

The number of listings that are selling is the big topic right now because inventories are so low and the number of homes that sold in 2012 rivals that of what we saw in 2007. So lots of activity happening right now out in the marketplace. RE/MAX Realty 100 is currently representing 665 listings and there were 625 showing requests last week. If you compare that to the 2012 statistics we had 837 listings and 734 showing requests. That’s 172 fewer listings and the percentage change of a showing request actually increased this year over last year.

If you have a question about the sale of your home please feel free to give me a call.and if you are looking to buy a home I’d be glad to help. Again my name is Troy Chowanec with RE/MAX Realty 100 and today I’m out in Franklin Wisconsin at Mission Ridge Subdivision. I look forward to hearing from you, Have a great day!

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