"The number of listings on the market shrank 2.4% from last month, which is a smaller decrease than normal for this time of the year in Milwaukee, and homes are also selling slower than at the same time last year. Home prices in Milwaukee Typically, home price per square foot in Milwaukee tend to fall in November. And the most recent data shows that the price per square foot decreased by 1.6% compared with the month before."
"In November, there were 997 homes for sale in Milwaukee, which was 2.4% less than the month before and 5.4% more than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266. The number of new listings in Milwaukee was 352, which was 23.8% less than the month before and 3.5% more than the same time last year. Nationally, the number of new listings fell by 14.1% from last month to 330,908."
Median listing price in Milwaukee rose slightly in November to $238,400. Inventory on the market fell 2.4% month-over-month to 997 homes, representing a 5.4% increase from the same time last year. Price per square foot in Milwaukee decreased 1.6% from the prior month, a larger decline than the national 1.2% drop. New listings totaled 352, down 23.8% from the previous month but up 3.5% year-over-year. Homes spent an average of 37 days on the market, six days longer than the prior month and three days longer than a year earlier. National active inventory and new listings also declined.
Read at SFGATE
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