Metro Milwaukee Real Estate Inventory Update

Milwaukee Real Estate Home Sales Continue to Be Strong 2nd Month in a Row.

Longer days and warmer weather are just around the corner! The first day of Spring is March 20th, Daylight Savings Time was last weekend, interest rates are still below 4.5% and we’ve picked up some more inventory. Life is GREAT! With the spring market is well on its way, finding real estate near Milwaukee WI in January or February was not easy.

Low inventory, competitive offers and an extremely active market made it difficult and a little frustrating for some home buyers. New statistics show February closings were up 11% from last year. (Remember, those are buyers who wrote offers in January. These successful deals are not the offers in escrow today!)

We track listings being put into MLS daily. Since March 1st (As of March 12th), 919 new listings have come on the market in our 5 county area, including Milwaukee, Ozaukee, Waukesha, Washington and Racine county:

+673 are Homes

+147 are Condos

+99 are Duplexes, Multi-Family, Commercial & Land

**I have seen inventory up a little with a new influx of homes and condos on the market. If you are a serious home or condo buyer, stay active. The right one WILL come along!

A couple of weeks ago we had little scare when interest rates shot up to the 4.65% range, but are now back to the 4.25% range. (It going to happen again, just to prepare you.) For now, let’s take advantage of the market – don’t wait to look at homes on the market!

Is Now the Best Time to Buy Homes in Wisconsin?

Home Sales in Wisconsin

“National home prices are set to increase by up to 6% in the coming months with end-of-year home sales reflecting the upward trend seen in 2017. Job growth, historically low interest rests and a successful stock market are responsible for these numbers. There really is no time like the present to buy new construction homes!”

– Bob Arnold, Milwaukee Realtor

4 Tips for Buying Homes in Today’s Market

Here are a few important takeaways for home buyers in today’s market.

1) If You are Renting a Home…

Start looking at homes today! We can work around your rent lease. Start looking 4-6 months before your lease ends. This would be much better than a 2-3 month time frame and will make your journey from apartment to home living much easier.

2) Find a Good Lender…

To get pre-qualified and not just pre-approved. You want to look as strong as you can when writing an offer in today’s competitive market. Ask you lender if they will be able to close in 30 days. You may need that option to be a step above other buyers in a multiple offer situation. If you are looking for lender, please give me a call or shoot me a text or email!

3) Made More Than 3 Offers?

If you have made more that 3 offers on 3 different properties and lost them to another offer or multiple offers, you may need to reconsider who you are working with. In a multiple offer situation, I have an 80% Acceptance Rate with 1st Time Offers and a 95% Acceptance Rate with Second Time Offers. The agent does make a difference.

4) Be Prepared…

and ask questions! When looking for homes, its important to know the offer process and understand the home inspection. Both move very quickly and will have their own bumps in the road. Make sure you understand the process completely and have a good professional realtor and lender working for you.

Please visit my web site, reviews and testimonials.

Contact Bob!

Sincerely,

Bob Arnold

(414) 379-1101

[email protected]

"Fantastic & Ultra-Knowledgeable Realtor"

"Bob is the living-legend of Realtors in my area -- and for very good reason. He helped us get the asking price for the home that we sold and a very reasonable price for the home that we bought. Bob will ALWAYS answer his phone, texts and emails immediately (any time of day-or-night). Not only is he a fantastic and ultra-knowledgeable Realtor - but conscientious, honest as the day is long, and mostly -- has a great sense of humor, balanced with being the consummate professional. In fact after the experience we've had with Bob I now consider him a friend (if not family). We could not be happier with Bob, and if we were to buy/sell a house again we would ONLY consider working with Bob."

Steve

"Very Patient & Accommodating"

Bob is the best! I’ve never written a Google review but I had to give Bob 5 stars. He’s been really helpful as we are first time buyers. We had no idea what we really wanted at first and he’s been very patient and accommodating. Plus he’s been really honest and upfront about certain things which was refreshing. He’s not pushing you into the wrong home, he definitely seems to care about you getting into the right fit. I recommended Bob to my brother and I’d recommend him to whomever is looking for a home

Ben

"I Got Exactly What I Wanted"

Bob was AWESOME!!! Can't thank him enough for everything he did to make sure I got exactly what I wanted. So glad I called Bob to be my realtor! He went above and beyond any and all expectations I had. He's EXTREMELY knowledgeable about the Milwaukee area and his insight on the market and builders was very valuable. As a young adult and first time homebuyer, the questions were endless but he was able to successfully guide me throughout all stages of the process. He did a great job to make sure I saw plenty of options and he was very flexible and easy to work with. If you're looking for a realtor, definitely call Bob!

Madeline

"One of the Great Ones!"

Bob Arnold is one of the great ones! I had been a Licensed Real Estate Broker in California for over ten years and I had done a lot of deals while working with way too many Realtors to remember. I relocated to Milwaukee for a job and when it came time to buy a home I knew what was important . I needed a Realtor who really knew the business and the area especially. Bob is that rare person who really understands customer service, is very connected to the business and he knows how to get the deal done fast. I have recommended Bob to a few co-workers and would recommend Bob to anyone who wants a real professional in Milwaukee real estate.

Erik

"The Reason our Offer was Accepted"

We can’t recommend him highly enough. Bob is the reason our offer was accepted. He worked hard to get us into properties the day they came onto the market. Bob was available and willing to answer all of our questions, and as first time home buyers, we had many. He knows Milwaukee and the surrounding communities well. It put our mind at ease knowing we had a knowledgeable, experienced advocate on our side throughout the home buying process.

Brianna

"There was Never Any Pressure from Him to Buy"

Bob let us look at all the houses we found that we wanted to see, and he was quick to point out both the good and the bad at each. There was never any pressure from him to buy, he waited until we found the right house for us, and then he went in fighting to make sure that it was properly taken care of before closing. All emails and phone calls were promptly returned, I was very impressed with his responsiveness, and keeping us informed as much as could be done. I have no hesitation in recommending that anyone looking for a home work with Bob.

Kaysie

"Willing to Go Out of His Way"

As first time home buyers, we needed a lot of guidance and Bob was more than willing to go out of his way to meet with us and educate us through this process. He helped us not only find our first home, but our dream home!

Sara

"Stress Free & Enjoyable Home Buying Experience"

Worked with Bob shortly after we relocated to the area. Bob took the information we provided and gave us a good sampling of what was available in a fast moving market. Bob was very flexible in his schedule to accommodate our schedule. Once we found our home, Bob acted quickly to bring our offer to the table and get accepted. Bob also worked closely with us in making offer conditions and following up with some additional matters in the home inspection. Bob also had connected us with an excellent home inspector who provided a very detailed report as well as a Real estate attorney that met our needs. Bob made this an overall stress free and enjoyable home buying experience.

Mike

"Answered All of My Questions"

Bob did an excellent job at helping me with every step of the process. Answered all of my questions and was a great asset.

Joe

"Highly Recommended"

After having an ‘at home’ realtor (who came highly recommended) and who was afraid to even hold an open house, having only 3 showings in 6 months - I fired her. Yes, my property was a difficult one, in a tough market. However, Bob worked diligently on every lead, with numerous Open Houses and timely showings. He was intense, yet calm and knowledgeable. He knows the business of real estate, codes and how to work with people in a very creative way to get the sale. He knows all the venues for listing a property, and always welcomed my input and ideas. While trying to sell my property, he found numerous new listings for me to purchase. Frankly, you’ll be happy you hired Bob.

Eric

He Was Always Quick to Respond to our Questions

Bob helped my husband and I find a house this past July. We were first-time home buyers, and were interested in the Bay View area of Milwaukee, and he made us feel confident after our first meeting with him that he could help us through the process, and get us into a house in our ideal location. And he did indeed check both of those boxes! He was always very quick to respond to our questions, which was incredibly helpful, as the home-buying process can move so quickly. We also appreciated his honesty – there were a couple of houses that we looked at that we were on the fence about, and Bob gave us great guidance. He really did understand what we were looking for, and wouldn’t have let us put an offer in on something that wasn’t perfect. We have now settled into the house nicely, and are so grateful to Bob and his team for all their hard work!

Jordan