State of the Market – August 2017

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Horning, Joe 2 head shot smallerA letter from Joseph A. Horning, President of Shorewest, REALTORS®

Entering the third quarter of the year, the housing market continues to have a tight inventory of homes for sale which is driving median home prices upwards. Although inventory is limited and there are fewer homes on the market, it is important to note that REALTORS® are briskly moving a lot of homes.

If you are searching for a home, the steady increases in home prices and rising federal interest rates will continue to reduce affordability, making buying now a better option than waiting. In most of southeastern Wisconsin, the inventory of homes for sale is well below a healthy, balanced market of six months of supply.

The low inventory and quick market make it especially important to work with an experienced REALTOR® to help you to stay in front of the market. Our 950+ Shorewest sales associates network with one another, sharing homes that are coming on the market – often matching buyers with homes before they hit the market. This is a huge advantage in today’s market to both buyers and sellers. You will find more homes for sale and up to date information on Shorewest.com than you would from those national real estate broker sites.

Working to provide unsurpassed customer service has helped Shorewest remain Wisconsin’s Largest Home Seller™ since 1951. Our continued leadership is evident today as Shorewest was named the top real estate company in Milwaukee in 2016 for transaction sides and volume in the REAL Trends Market Leaders report. We are proud to have helped 12,883 families in 2016 with a sales volume just shy of $2.8 billion. According to the report, Shorewest exceeded all other real estate companies in the Milwaukee area.

When it is time to make a move – locally or anywhere in the world – we appreciate the opportunity to serve as your trusted advisor.

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Categories: Community, Neighborhoods, Quarterly Newsletter, Real Estate News, Shorewest News

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