Beth Jaworski - Shorewest Realtors

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Presentation transcript:

Beth Jaworski - Shorewest Realtors Residential Realtor since 1992 Sold 143 Homes since 01/01/14 ABR, CHMS, CNE, CRS, GREEN, GRI 2008 Chairwoman of the Greater Milwaukee Association of Realtors Five Star Recipient 7 years in a row (2008-2014) Current Chair of the WRA Education Committee

MLS Stats as of 10/31/15 Prices continued to gain traction as sales increased 9 out of 10 months this year. Home sales were up in the 4-county Metropolitan Milwaukee market 4.6% in October.  1,555 homes sold vs 1,487 the same month in 2014.  Comparing to 2013, sales were up 8.4% (1,434 in ‘13). October was the 5th month this year that new listings decreased, declining 2.7% overall for the 4-county area. Waukesha County was the only county to stay out of negative territory, adding 6 more listings than in October 2014. Months Supply of Inventory down to 6.4 months - was 7.9 months for October 2014 Subtracting the 1,475 Active w/Offer listings brings effective inventory level to 4.2 months - was 5.5 in October 2014

What Agents Are Seeing All Signs Point to a Very Busy 2016 Lack of inventory leading to multiple offers & rising prices Shorter days on market Staged and updated homes selling most quickly Homes that are not properly prepped for market and/or are overpriced still sit More cash offers Less FHA financing Larger down payments Buyers asking for multiple repairs after home inspection Urgency to buy or sell before rates increase All Signs Point to a Very Busy 2016