for the Greater Lake Geneva Wisconsin Area
The following is a breakdown of June 2022 housing market data collected from trusted real estate resources nation wide.
METRO MILWAUKEE AREA
MetroMLS June 2022 Market Report
Active listings decreased 12.2% and sold listings dropped 13.7% compared to this time last year. The Months of Supply of Inventory experienced a 1.7% increase compared to last June.
July 13, 2022 | Dan Zielinski | ©2022 Metro Multiple Listing Service, Inc
COUNTYWIDE & LOCAL MUNICIPALITIES
Metro MLS Monthly Local Market Reports
Below are the June 2022 statistics for Kenosha, Racine and Walworth Counties, PLUS the Lake Geneva – Delavan – Williams Bay municipalities.
July 10, 2022 | Jean Patterson | ©2022 Metro Multiple Listing Service, Inc | Powered by RapidStats
STATEWIDE
Weak Inventories Cause Home Sales to Fall and Prices to Rise in First Half of 2022
Declining inventories hindered sales in June.
July 18, 2022 | Copyright 1998 – 2022 Wisconsin REALTORS® Association. All rights reserved.
New listings were down 13.5% compared to June 2021.
Homes continued to move quickly.
Affordability was down due to several factors.
The median price rose 10.2% compared to a year ago.
NATIONALLY
NAR’s June Home Sales Report:
Existing-Home Sales Slid 5.4% in June
July 20, 2022 | Troy Green | © 2022 National Association of REALTORS®. All Rights Reserved.
Other Notable Market Updates:
Walworth County Quarter 2 (Apr – Jun) Local Market Update
Compass Wisconsin © July 20, 2022
Realtor.com®’s Market Trends Report
by Sabrina Speianu and Danielle Hale, June 30, 2022.
IN REVIEW
Buyers: Look at the slides above and notice the difference in list price versus sold price. When you hear stories of buyers paying 25% over list price, please note, those stories are anomalies. That just does not happen often in this neck of the woods. Remember the foreclosure moratorium fear mongering last year? Well, there was no flood of foreclosure properties infiltrating the market; that story was not based in reality.
My point is: if you’re planning to purchase a home this year, don’t let outside influences change your path. Yes, inventory is low, but I’ve seen a lot more price reductions so far this July than I did the past two July’s. My advice would be to 1) Think positively 2) Be prepared (with your preapproval and savings), and 3) Stay up-to-date with your desired market, specifically. For more information, please feel free to reach out!
Your free, instant Home Valuation here: HomeValuationzByAnnie.com
Sellers: Right now, inventory is low. Additionally, interest rates will go up again; when it does, buyer demand is bound to dip. It is in your best interests to secure your next home prior to listing your current home on the market, or it might otherwise be very hard to find a place to purchase, simultaneously. The market will continue to favor sellers through the end of summer, in my opinion. My recommended timeline is ‘the sooner, the better.’ Contact me for your free home valuation.
Annie Zambito
Licensed Real Estate Agent
Compass Wisconsin – Lake Geneva
262.248.4492 | annie.zambito@compass.com | www.COMPASS.com | Compass Profile
My June 2022
Sources:
Green, Troy, “Existing-Home Sales Slid 5.4% in June,” National Association of Realtors®. July 20, 2022.
“Weak Inventories Cause Home Sales to Fall and Prices to Rise in First Half of 2022“ Wisconsin REALTORS® Association. July 18, 2022.
Patterson, Jean. “Local Market Reports,” Metro Multiple Listing Service, Inc®. July 10, 2022.
Zielinski, Dan. “Market Reports: May 2022,” FlexMLS® & MetroMLS®. July 13,, 2022.
Hale, Danielle; Speaniu, Sabrina. “June 2022 Monthly Housing Market Trends Report,” Realtor.com®. .June 30, 2022.
Annie Zambito Realtor® | Lake Geneva, WI 
hi annie
do u help people looking for house rentals in lake g and or walworth county?
thx
pete
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I sure do Pete, send me an email annie.zambito@compass.com and I’ll send you what is on MLS — however, full disclosure, most landlords will skip the MLS and rent it out themselves online or with post in yard. Searching for a rental property requires a multi-layered approach. Reach out via email or phone, I’ll be happy to explain further!
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