12/17 Metro Milwaukee Home Sales Dip

For the first time this year, home sales in Wisconsin's largest metro area are down from the same month the previous year.  Just over 11-hundred existing houses were sold in November in Milwaukee, Ozaukee, Waukesha, and Washington counties.  That's eight-percent fewer than in the same month of 2012. Ozaukee had the highest decrease in home sales at 24 point seven percent. Washington County had the second lowest decrease among the four counties at 7 point nine percent, selling 105 homes in November compared to 114 sold in November 2012. Mike Ruzicka, who heads the Greater Milwaukee Association of Realtors, said the early cold weather might have been a factor.  He also cited a smaller inventory, as listings for home sales were down eight-percent from the previous November.  Still, Ruzicka said the Milwaukee area housing market had a solid year.  While sales were down in comparison to November 2012, they were up 14 point three percent compared to 2011. In Washington County it is a five percent increase with 105 homes sold this year compared to 100 in November 2011.
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Topics : Business_Finance
People : Mike Ruzicka
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