for the Lake Geneva Wisconsin Area & Beyond…
The following is a breakdown of September 2022 housing market data collected from trusted real estate resources, from national to local.
LOCAL AREA
Metro Multiple Listing Service, Inc
Metro MLS’s “Market Reports: September 2022“
“In the four-county Milwaukee metropolitan area, active listings decreased 24% and sold listings dropped 19.1% compared to this time last year. The Months of Supply of Inventory experienced an 6% decrease compared to last September.”
October 11, 2022 | Metro MLS, Dan Zielinski | ©2022 Metro Multiple Listing Service, Inc
Metro MLS’s “Local Monthly Market Reports“
October 10, 2022 | Jean Patterson | ©2022 Metro Multiple Listing Service, Inc | Powered by RapidStats
Above are the September 2022 statistics for Kenosha, Racine and Walworth Counties, PLUS the Lake Geneva – Delavan – Williams Bay area, by Metro MLS, as well.
STATEWIDE
Wisconsin REALTORS® Association
WRA’s “Wisconsin Housing Stats: September 2022“
“Tight Inventory and Lower Affordability Hurt Home Sales“
“Existing home sales dropped significantly in September. Third quarter home sales were at the lowest level since 2014. Housing inventory dropped 25% in September. Housing affordability declined. The median price rose to $270,000.”
October 18, 2022 | Copyright 1998 – 2022 Wisconsin REALTORS® Association. All rights reserved.
NAR’s “September 2022 Report“
“Existing-Home Sales Decreased 1.5% in September“
“Existing-home sales sagged for the eighth consecutive month to a seasonally adjusted annual rate of 4.71 million. Sales slipped 1.5% from August and 23.8% from the previous year.
[…]
Existing-home sales in the Midwest slid 1.7% from the previous month to an annual rate of 1,140,000 in September, falling 19.7% from September 2021. The median price in the Midwest was $281,500, up 6.9% from the prior year.”
October 20, 2022 | Troy Green | © 2022 National Association of REALTORS®. All Rights Reserved.
COMPASS WISCONSIN ~ LAKE GENEVA PRESENTS:
Q3 2022 MARKET SNAPSHOTS – SOUTHEASTERN WI
Other Notable Market Updates:
Realtor.com®’s “September 2022 Monthly Housing Market Trends Report“
September 29, 2022 | Sabrina Speianu and Danielle Hale | © 1995-2022 National Association of REALTORS® and Move, Inc. All rights reserved.
Take Aways:
Here to help you navigate through real estate from A to Z…
Buyers: It is common to believe that there is an inverse relationship between interest rates and home prices; however, I believe: as interest rates go up, demand goes down. How could this help you as a buyer? As interest rates increase in the 4th quarter of 2022, buyers will have more flexibility from sellers who receive fewer offers on their homes. If you’re interested in starting your next home search, feel free to reach out.
Sellers: In the past 5 years, I’ve noticed October tends to be a month of spiked buyer activity, in comparison to September, when a lot of travel and back to school activities wrap up. Additionally, there is still time to list and sell your home before the holiday season begins when you list your home in October. Contact me for your free home valuation. Your free, instant Home Valuation here: HomeValuationzByAnnie.com
stay warm,
Annie Z.
Licensed Real Estate Agent
Compass Wisconsin – Lake Geneva
262.248.4492 | www.COMPASS.com
My September 2022
Sources:
Hale, Danielle; Speaniu, Sabrina. “September 2022 Monthly Housing Market Trends Report,” Realtor.com®. September 29, 2022.
Patterson, Jean. “Local Market Reports,” Metro Multiple Listing Service, Inc®. October 10, 2022.
Zielinski, Dan. “Market Reports: August 2022,” FlexMLS® & MetroMLS®. October 11, 2022.
““Tight Inventory and Lower Affordability Hurt Home Sales,” Wisconsin REALTORS® Association. October 18, 2022.
Green, Troy, “Existing-Home Sales Decreased 1.5% in September ,” National Association of Realtors®. October 20, 2022.
“Existing-Home Sales Housing Snapshot,” National Association of REALTORS®. October 20, 2022.
Annie Zambito Realtor® | Lake Geneva, WI 