"Typically, home price per square foot in Milwaukee tend to fall in October. And the most recent data shows that the price per square foot decreased by 0.3% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in Brew City are smaller the national market."
"In October, there were 1,024 homes for sale in Milwaukee, which was 2.0% more than the month before and 12.3% more than the same time last year. Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001."
"Homes in Milwaukee take an average of 31 days to sell, according to October figures. This is one day less than the previous month and one day more than the same month last year. For comparison, nationally homes spent an average of 63 days on the market in October."
Median listing price in Milwaukee fell moderately in October to $237,050. The number of listings grew 2.0% from the prior month and increased 12.3% year-over-year. Price per square foot in Milwaukee decreased 0.3% month-over-month, a smaller decline than the national 0.8% decrease. Active inventory nationwide remained nearly unchanged at about 1,100,001 listings. Homes in Milwaukee averaged 31 days on market, one day faster than the previous month and one day slower than the same month last year. Nationally, the average days on market was 63 days in October.
#milwaukee-housing-market #median-listing-price #inventory-levels #price-per-square-foot #days-on-market
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