MLS: Metro Milwaukee homes sales dip 5.7%
The Business Journal
Date: Thursday, March 10, 2011, 2:58pm CSTRelated:
Home sales fell 5.7 percent in the Milwaukee area in February compared with the same period last year, according statistics released Friday by Metro MLS Inc.
The decline comes after the new year began on a strong note with home sales increasing 17.9 percent in January.
The decline in sales in February isn’t causing much concern among brokers since sales in winter months often fluctuate from year-to-year, according to the Greater Milwaukee Association of Realtors.
Overall, home sales in the metro area are up 4.8 percent for 2011.
Home sales varied widely by county in February. Sales in Milwaukee County declined 8.3 percent, while Waukesha County experienced a 2.4 percent increase. Washington County had a strong month, with homes sales coming in 27.5 percent ahead of 2010.
Home sales in Racine County declined 16.7 percent and plummeted 34 percent in Ozaukee County.
The decline comes after the new year began on a strong note with home sales increasing 17.9 percent in January.
The decline in sales in February isn’t causing much concern among brokers since sales in winter months often fluctuate from year-to-year, according to the Greater Milwaukee Association of Realtors.
Overall, home sales in the metro area are up 4.8 percent for 2011.
Home sales varied widely by county in February. Sales in Milwaukee County declined 8.3 percent, while Waukesha County experienced a 2.4 percent increase. Washington County had a strong month, with homes sales coming in 27.5 percent ahead of 2010.
Home sales in Racine County declined 16.7 percent and plummeted 34 percent in Ozaukee County.
Read more: MLS: Metro Milwaukee homes sales dip 5.7% | The Business Journal
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