Wisconsin Home Buyers – NOW is the Time!
In July home sales were down 5.2% in the Greater Milwaukee Metro area. I have noticed the market has been a little soft lately, but statistics always tell all. July was only the 6th decrease in sales in the last 31 months. The decrease in sales is not due to any weakness in the market, rather, there are simply a limited number of homes for sale in the last 6 months discouraging buyers. The decrease in home sales is equating to fewer buyers recently which has made the inventory go up. We are now seeing more homes on the market in Wauwatosa, Bay View, Brookfield, Glendale, and Mequon making it the perfect time to buy.
The underpinnings of the local economy are solid with employment rates, interest rates, and lending all performing well. The strong economy is producing more interest in home buying, with a large amount of that being first-time buyers with purchase prices under $300,000.
Good interest rates + more inventory + less competition = a great time for you to purchase a home! If you are renting and looking to buy, let me help you find a creative way to still purchase a home this year. If not, let’s put together a plan for next year. I am always open to meet and discuss the market and answer any questions about buying or selling a home or condominium.
I recently did an update on the number of reviews and ratings I have received. I happy to see these online results!
5 Star Ratings
Feel free to check out one of my reviews below:
“Rock solid, does things by the book, and gets back to you in a timely manner. Extremely experienced and knowledgeable too. He’s good at this. He showed us roughly 10 – 15 homes before we found the one. He was very patient. He was also able to refer us to an experienced home inspector and mortgage broker.”