Looking Back at 2011: What Were the Numbers?

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Now that 2011 has ended and we are looking forward to successful year in 2012, I wanted to take a moment to look back at the real estate numbers that we got for December 2011.  People ask me all the time how the real estate market is doing, and now we have some concrete numbers that I'm able to share with you.

In the summer of 2011, the greater Milwaukee area saw 832 single-family homes go under contract.  That's actually a 27% increase over December of 2010.

In fact, we sold more homes in December that we did in November of 2011.  That's a great improvement and shows an uptick in the market.

In the summer of 2011, the Roth team actually sold 19 homes.  It is now mid-January, and we've already gotten 14 accepted offers for the month.  That shows that 2012 is off to a great start in our real estate marketplace.

Another interesting and encouraging number is that we are now at the lowest level of standing inventory since 2009.  Our area has under 9000 homes on the market currently.  That means that it is a great time to buy or sell right now.  Sellers will have much less competition on the market, and buyers still have plenty of homes to choose from that are holding their values.

Of course, buyers are always interested in what the interest rates are doing.  Right now we are seeing 30 year fixed interest rates as low as 4% and 15 year fixed interest rates as low as 3.25%.  Believe it or not, there are also adjustable rate mortgages as low as 2.75% interest.

As always, we want to help you with any of your real estate needs.  Please give us a call or drop us an e-mail if you have any questions or concerns.  We also love your referrals, so please continue to send your family and friends our way.