Metro Milwaukee home sales down 5.3% in April

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The number of homes sold in the four-county metro Milwaukee area was down 5.3% in April, year-over-year, according to the latest market report from the Greater Milwaukee Association of Realtors.

For the larger seven-county southeastern Wisconsin region, April home sales were down, but only by 0.4%.

Hereโ€™s a breakdown of April home sales by county, compared to April of 2024:

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  • Walworth, 136, +41.7%
  • Racine, 207, +27.8%
  • Ozaukee, 92, +15%
  • Waukesha, 376, +5%
  • Washington, 136, -4.9%
  • Kenosha 125, -10.7%
  • Milwaukee, 780, -11.5%

Year-to-date, metro Milwaukee home sales are down 2.2%. April was the third month in a row of a year-over-year home sales decline for the metro area.

โ€œThe decrease in sales is more related to fewer properties available to buy than too few buyers,โ€ the GMAR report says. The local housing market could use another 4,000 units for sale for buyers to choose from, the organization says.

โ€œThere are still many motivated buyers seeking to purchase a home,โ€ the GMAR report says. โ€œBrokers are reporting multiple offers for appropriately priced houses all over the metropolitan area. Properties in the $200,000 to $399,999 price range accounted for more than 45% of the April market. That is the sweet spot for Millennial and Generation Z first-time home buyers, as well as empty nesters looking to downsize.โ€

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The average home sale in the four-county metro area was $424,344 in April, up 11.7% from a year ago, according to the report.

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