"In December, Milwaukee's active housing inventory experienced a slight yet notable year-over-year increase of 0.3%, reaching 836 homes. This stood in stark contrast to the national inventory surge of 12.1%. The city encountered a significant drop in newly listed homes, declining by 7.8% compared to the previous year, while nationally, new listings saw a modest decrease of 1.8%. The combination of stable inventory levels and fewer new listings suggested a tightening in housing supply, creating an environment ripe with potential for sellers."
"The median listing price in Milwaukee surged impressively by 9.9% year-over-year to $236,400, underscoring the vigorous demand in the market. This jump sharply contrasted with the slight national decline of 0.6% in the median listing price. Despite the rise in prices, the share of homes with price reductions in the city decreased by 2.8 percentage points from the previous year, settling at 13.2%. This drop in price reductions indicated that sellers in Milwaukee enjoyed confidence in the market's robust strength."
Milwaukee's active housing inventory rose slightly by 0.3% year-over-year to 836 homes while newly listed homes declined 7.8%, indicating tighter supply. National inventory rose 12.1% and new listings fell 1.8% for contrast. The median listing price climbed 9.9% year-over-year to $236,400, versus a 0.6% national decline. The share of homes with price reductions fell 2.8 percentage points to 13.2%, reflecting stronger seller confidence. Homes averaged 49 days on market in December, up 18.3% year-over-year, suggesting some cooling in buyer activity or a need for pricing strategy. Stable inventory and fewer new listings created favorable conditions for sellers.
Read at SFGATE
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