Metro MLS has posted the most recent Market Indicators report as well as the current Local Market Updates for selected Counties and Cities.

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.

The passing of the home-buyer tax credit's initial expiration date hasn't yet slowed the urgency of home buyers in the Milwaukee region, as November saw a continuation of the strong sales we've seen in previous months.

There were 742 signed purchase agreements during the month, up 9.8 percent from a year ago.

Because many of the homes being purchased are first-time home buyer properties, the overall median sales price was weighed down from a year ago by 9.6 percent to $165,000. That's not the only reason prices are declining, but is a significant factor nonetheless. These soft prices are combining with continued low mortgage rates to improve affordability dramatically.

As always, your comments and questions are welcome!

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