Flex Quick Tip
April 12, 2010
March Market Reports

Buyers in Milwaukee were even more active in March than in February, with a whopping 20.5 percent year-over-year increase in closed sales to bring the figure to 1,074 for this month.

Home prices did however take somewhat of a hit - a 2.4 percent decrease from year-over-year for March - and remain relatively soft at $166,000 for this month. The good news is that prices are no longer in free-fall, as the rate of decrease has truly leveled out recently.

Percent of Original List Price Received also provides reason for cautious optimism as transactions slowly creep back toward the seller's favor. The 91.5 mark for March has consistently been inching upwards in 2010.

Low mortgage rates and the final days of the tax credit continue to create a favorable buying environment and affordability continues to soar. This may change; but we're on top of it.

You can follow this link: http://www.metromls.com/support/Market_Updates/index.html or visit www.metromls.com and select MLS Statistics under the MLS Admin menu. You will find other reports and statistics which may be of use to you in your business.

As always, your comments and questions are welcome!

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