What happened in the Milwaukee Real Estate Market in August 2009?

In august there were 537 sales with an average price $105494 and a list to sale ratio of 96.86%. The list to sale price from the original list price of 90.09%. There were 950 new listings added in August to add to the supply of homes.

In August 2009 there was a increase in activity when compare to August 2008. There was a increase of 13.9% or 65 more sales in 2009 than in 2008 during same period. In August 2009 there were 950 new listings added compared to 1229 listings added in August 2008. These two trends are good for the market, a increase in sale and a decrease in new inventory.

The current listing inventory is 4919 with an average list price is $181,705 and average days on the market of 201 days. As can be seen the focus of the market has been in the lower to mid range of the market. The properties listed over $150,000 have had less activity.