Year end Bargains? Yes! When it comes to real estate, this could be a December full of them. Not a bad thing for buyers!!! In the Metro Milwaukee area, December has always been a rough month for home owners that are thinking of selling – as a “what should I do?” month. They are thinking “it’s going to be a long winter in Milwaukee,” especially after the last few weeks of inclement weather. Sellers are facing taxes being due, home expenses are going up, outdoor work has been left unfinished and possible painting and concrete work hasn’t been completed because of the early cold season. These are all good things for a buyer, as these items could help with prices coming down or to negotiate when purchasing. It may not be the case with all listings, but the odds are in your favor.
If a listing does come on the market at this time of year here in the Metro Milwaukee area, it is often because a seller truly needs to sell their home. Most often home owners that are not selling out of necessity will wait until after the New Year to list. After the first of the year it is a whole new market with new buyers. With January comes buyers with new goals to purchase a home. These are people that were not even thinking about buying a home in 2014. If you are one of those people considering beginning your home search, call me, Bob Arnold, to help you get started! After the first of the year the market gets very active, buyers are anxious, and sellers will start to push pricing up on new listings. This is due to a continually increasing market that has seen consistent growth over the last few years.
The US Commerce department reported, for the third straight month, that October single family home sale prices increased. National single family homes sales are up 15.4 percent from last year at this same time.
Looking for some help? Interested in sitting down and discuss the Milwaukee Real Estate market? Know a first time home buyer needing some assistance? Please have them contact myself, Bob Arnold or visit my web site www.Move2Milwaukee.com.