We may have passed the Real Estate bottom here in Milwaukee and Menomonee Falls, Wisconsin. I am seeing agents receive multiple offers once again. I am also seeing a high number of accepted offers on the searches I am conducting. I just searched for a 3 bedroom bungalow. A few weeks ago I was sending out some real great looking homes at low, low prices. Today they are all sold or have accepted offers.
A month ago I could find 50 or more homes based on the needs of any buyer. The searches I am going now turn up a dozen or so homes.
Last month I could find a number of foreclosed properties in good condition between $40,000 to $50,000. Today the prices have shot up into the mid to upper 60's.
Open houses are bringing buyers.
The last few offers I wrote were on properties receiving multiple offers.
I am seeing an increased number of buyers calling.
The number of sales on MLS has not increased but has been holding steady. Is this the beginning of a turn around or a temporary spike in sales?
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