Milwaukee

Let's talk about data. Navigating through a complex and fast-moving marketplace is tough work. Agents are being called upon to provide fact-based guidance in a timely fashion – and rightly so. MLS data is detailed, accurate and very much "now." It makes the magic of data-driven decision-making possible. So go ahead, channel the collective energy of your hard-earned status changes and let's see what the facts tell us about March 2012. Happy data-ing.

New Listings in the Milwaukee region decreased 3.2 percent to 2,567. Pending Sales were down 1.6 percent to 1,031. Inventory levels shrank 9.1 percent to 9,735 units.

Prices were fairly stable. The Median Sales Price decreased 1.8 percent to $153,000. Days on Market was down 2.9 percent to 117 days. Absorption rates improved as Months Supply of Inventory was down 19.6 percent to 9.5 months.

For better or worse – usually better – housing is closely tied to the broader economy. As much as we're in the valley of a residential real estate rebalancing act, it's important to keep tabs on economic changes. Recent improvements suggest that there may be a stirring of optimism in the center of this market. But not all submarkets will move together. "You can observe a lot just by watching." – Yogi Berra

All data for the market reports comes from the Multiple Listing Service, Inc. and is powered by 10K Research and Marketing. You can follow this link: http://www.metromls.com/support/Market_Updates/index.html or visit www.metromls.com.

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