New Berlin Real Estate Market Update for May 2009

There were 38 proepties sold with an average sold price of $216,623 with an average 95.27% list to sales ratio and 82 days on the market. In addition, there are 28 accepted offers with an average list price of $257,657 with an average days on the market of 93 days.

In comparision to last year, there were 16 less sales or 31.4% reduction. There was also a reduction of new listings compared to last year by 13 listings or a reduction of 14.3%.

The current inventory is 337 properties with an average list price of $277,814 and average time on the market of 120 days.

Keith Manson

First Weber Group

Certified Distressed Property