A recent CNBC post, entitled: Lower mortgage rates are causing an epic housing shortage, made the following points about the September National Real Estate Market:
National housing inventory fell 2.5% annually in September… …Homes priced below $200,000 down 10% compared with a year ago. The supply of homes priced between $200,000 and $750,000, which make up 60% of the market, flat-lined in September…Diana Olick @IN/DIANAOLICK @DIANAOLICKCNBC @DIANAOLICK
The Southeastern Wisconsin real estate market mirrors the national trends. Locally, the Metro-MLS (Multiple Listing Service) uploads Market Updates on, or shortly after, the 15th of the each month for each participating county. Here are the key graphics for Walworth, Kenosha & Racine Counties:
Here are the stats for my hometown area, as well. Although, again, I will remind you that on a hyper-local level, the numbers can get skewed/aren’t always reliable.
Still a seller’s market folks – stay tuned to my next post; I’ve got exciting personal news to share about MY experience with the October real estate market.
❤ always, Annie Z.