Boots & Sabers

The blogging will continue until morale improves...

Owen

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2108, 12 May 22

Home Sales Down in SE Wisconsin

Ignore the positive talk from the Realtors. 3.4% decrease in inventory with a 8.2% decrease in sales means that the housing market is slowing. High prices and rising mortgage costs are having an impact and the market is correcting. It needs to happen.

The data released Wednesday by the GMAR says that sales of homes decreased by 8.2% in April compared to April 2021. All four metro Milwaukee counties were hit with Washington County seeing the most significant decrease of 28.3% in April, compared to one year prior. Waukesha County had a decline of 11.9%, followed by Ozaukee County at 11.5%. Of the four counties, Ozaukee County had the smallest decline at 2.8%.

“But no one should panic, because looking at the first four months of the year there were 5,658 units sold, the second most on record. Second only to 2021’s 5,730,” reads the report by Ruzicka. “In fact, much of 2022 will probably appear to be down compared to last year, because 2021 was an exceptionally wild year for residential real estate.”

What has been a major concern for the past few years is the number of home listings. Again, the first period of 2022 showed fewer properties listed for sale. GMAR reported that there were 7,342 listings during the first four months of 2022, which is a 3.4% decrease compared to the first quarter of 2021.

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2108, 12 May 2022

10 Comments

  1. dad29

    It was always a question of ‘when,’ not ‘if.’ The only way one can justify some (most) of the ‘prices paid’ recently is by referring to BidenFlation (also ObamaFlation, also TrumpFlation, also GWBFlation–they’re all a piece.)

    So yah, that property’s worth $XXX,YYY.00, but the loaf of bread is now $10.25.

    By the way, did you notice the spike in interest paid to ordinary savings accounts? Me neither.

  2. Jason

    >BidenFlation (also ObamaFlation, also TrumpFlation, also GWBFlation–they’re all a piece.)

    I’ve been hearing “Corn-PopFlation” more and more as Brandon is slowly fading.

  3. Randall Flagg

    ***I’ve been hearing “Corn-PopFlation” more and more as Brandon is slowly fading.

    That’s good. Simple phrases like that make life a lot easier for those that struggle to form a coherent thought.

  4. dad29

    Simple phrases like that make life a lot easier for those that struggle to form a coherent thought.

    Yes. He was trying to help YOU.

  5. Jason

    >Simple phrases like that make life a lot easier for those that struggle to form a coherent thought.

    https://m.youtube.com/watch?v=oihV9yrZRHg

    When you and I are discussing Biden and you think I’m the one struggling with coherent thought… It really shows how out of touch you are. It makes me think you probably need some full time medical care just like bumbling Joe.

  6. Jason

    Randy Flange, still out of touch. Your county health and human services probably has some resources to help you function day-to-day. I hope you get the help you clearly need.

  7. Merlin

    >That is a good one Jason. I would like to hear Corn Pop’s rebuttal though.

    There won’t a rebuttal from the demented mega-MAGA hater. At least not a coherent one unless it’s written by someone else and simply read off of a 70″ teleprompter. That news cycle has come and gone.

  8. Randall Flagg

    Merlin, you clearly didn’t watch the video, because you clearly don’t know who corn pop is referring to.

  9. Randall Flagg

    *** Your county health and human services probably has some resources to help you function day-to-day***

    Since you keep bringing this up Jason you must be using said resources. Please let me know which ones those are because they’re clearly not working.

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