"Milwaukee's active listings rose 14.2% year over year to 815 homes in February, nearly double the national growth rate of 7.9%. New listings surged 42.9% year over year to 466 homes, compared to just 2.4% growth nationally."
"Sellers held their ground on price despite the inventory surge, with Milwaukee's median listing price rising 7.2% year over year to $222,450, while nationally, prices fell 2.1%."
"The typical home sold in 34 days in February, down 7.5% from a year ago and far ahead of the national median of 70 days, indicating strong demand."
"If you're selling today, pricing accurately from the start still matters; overreach and your listing stalls, as about 16.3% of listings took a price cut."
Milwaukee's housing market is experiencing a surge in inventory, with active listings up 14.2% year over year. New listings increased by 42.9%, providing buyers with more options. Despite this influx, median listing prices rose by 7.2% to $222,450, contrasting with a national price decline. Homes are selling quickly, with a typical sale taking 34 days, significantly faster than the national average of 70 days. Buyers are advised to be prepared and pre-approved due to ongoing demand.
Read at SFGATE
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