State of the Market — December 2014
A letter from Joseph A. Horning, President of Shorewest, REALTORS®
Markets across the nation seem to be on the track to recovery. The Wisconsin Real Estate market has picked up nicely and consumers are reaping the benefits. The inventory of homes for sales increased 3.6% year to date — and consumer confidence at a 10 month high in Wisconsin.
As we start the fourth quarter, home sales are still down a modest 4.9% compared to the first eight months of 2013. Although sales are down, the median sale price of homes is up 2.9% and average days on the market is down 8% compared to last year. This means homes are being sold at a higher value or price. Interest rates are at a 17-month low, which makes now a great time to purchase your dream home.
Find your new home on our newly designed website, now easier than ever. Besides our new look, we have more open houses on Shorewest.com than any other Wisconsin Real Estate site, including those from other brokers — helping bring buyers and sellers together. With our Shorewest App available on smart phones and tablets, you can also find more open houses while you are out looking at homes.
Once again, Shorewest and our family of companies received recognition as the #1 Real Estate Top Workplace by the Milwaukee Journal Sentinel. This honor is very humbling as it recognizes our dedicated team and the outstanding care they provide to every customer we serve. Our success is a direct result of the commitment to exceptional service demonstrated by each member of the Shorewest family.
Thank you for trusting us for your home buying and selling needs.
Tags: Home Buying, Home Selling, Housing Market, living in milwaukee, Milwaukee, milwaukee lifestyle, Quarterly Newsletter, Real Estate, real estate advice, real estate trends, shorewest, Shorewest Realtors, Wisconsin, wisconsin real estate
Categories: Quarterly Newsletter