"Active listings climbed to 995 in April, a 27.2% jump year over year, dwarfing the national increase of just 4.6%. New listings drove that surge, with 620 homes hitting the market in April - up 42.9% from last year, compared to just 1.1% growth nationally."
"Milwaukee's median list price came in at $227,000 in April - down 1.3% year over year, and roughly half the national median of $425,000. The share of listings with a price reduction hit 14.1%, up 3 percentage points from last year."
"The median days on market reached 35 days in April, up 15% year over year, yet still well below the national median of 52 days. More inventory means buyers have more choices and negotiating power."
Milwaukee's real estate market has seen significant changes, with inventory surging by 27.2% year over year and new listings increasing by 42.9%. The median list price decreased to $227,000, reflecting a 1.3% dip from last year. Sellers are facing pressure to price homes correctly, as 14.1% of listings experienced price reductions. Although homes are lingering longer on the market, Milwaukee's pace remains faster than the national average, with median days on market at 35 days compared to 52 days nationally.
Read at SFGATE
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