January 2022 Housing Status

January 2022 Housing Update 

Buyer demand remains strong and inventory remains tight!

We are in a strong seller’s market with active listings being down about 14% from last year at this time. Some seller’ are still getting above asking price with multiple offers. 

Interest rates are on the rise and homes are selling on average for 10% more than what they did last year at this time; this can significantly change your monthly mortgage payment!

Now is a the to get into your new home before rates increase further or to get your home on the market before demand starts to drop due to the increased rates and market prices pricing some buyers out of the market.  

Check out this video for statewide stats! 

We are The Home Team, Tina Lewis & Nicole Osburn, REALTORs® in Wauwatosa, Greenfield, West Allis, Milwaukee and surrounding areas. As a local REALTORs® We are able to bring the knowledge and expertise you need in this market.

We are looking forward to meeting you and figuring out your home ownership goals.

Please Check Us Out on Facebook and schedule your FREE consultation TODAY & find out how you can get into your next home!!

https://www.facebook.com/tinalewisrealtor

414.465.8340