July Home Sales Report

Dated: August 23 2019

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The Wisconsin Realtors Association recently released its July 2019 Home Sales Report and the results are telling:

  • The median sales price in Southeast Wisconsin is up 5.8% from July 2018
  • Inventory is down 3.8% from July 2018
  • Homes are selling 4 days faster than this time last year
  • Home sales are up 3% statewide

The bottom line: While rapid appreciation might scare off buyers in some circumstances, the uniquely-low interest rate environment has allowed sales to flourish even with declining inventory. This has allowed homes to sell for more money and quicker than this time last year.

Sellers are cashing in on equity, but may find that their next purchase is a difficult one with such a competitive market. There are several strategies we can implement to make that transition smoothly, send me a message if you are interested in learning more!

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Zach Hicks

I've been a resident of the Greater Milwaukee Area my entire life. Real estate has given me the privilege of working with my neighbors and friends--aiding them in purchasing or selling their homes. Of....

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