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Home sales in the Metropolitan Milwaukee area were up 9.8% in all of 2013, compared to all of 2012, according to the Greater Milwaukee Area of REALTORS®. (See graph below)
- Unit sales topped 18,000 for the first time since 2006.
- Home prices are up an average of $14,492 in 4-county area.
- Fewer foreclosures has had an impact on the market.
- The total inventory amounts are tight.
There were a total of 18,203 homes sold in 2013, compared to 16,579 in 2012. 2013 marked the first time the Greater Milwaukee area market surpassed the 18,000 total homes sold since 2006. This beat estimates from earlier in the year that sales would barely top 17,000 homes sold.
Below is a graph of total homes sold each year from 2000-2013. You can see homes sales took a drop back in 2006, when the economy started to fail, but you can see the trend of homes sales in the last three years from 2011-2013. It’s pretty obvious that there continues to be positive news about homes sales in the Greater Milwaukee area. This trend should continue for the years to come.
You can find other monthly homes sale charts for 2013 at our page Milwaukee home sales data.