Ozaukee & Washington County Real Estate: April 2013

Find out more about Ozaukee and Washington County real estate, including the cities of Grafton, Belgium, Cedarburg, West Bend, Jackson and Germantown.

So Where Have All Those Listings Gone??

housing supply

Adjusting to this changing real estate market is something buyers, sellers, and real estate agents are going through together. Ozaukee County homes and Washington County homes continue to sell at a faster pace than we’ve seen in the past few years.

A few new buyers I started working with recently aren't looking for anything that I would describe as "unique." Yet, finding their ideal home has proven to be quite the challenge. What they are looking for just isn’t out there. It’s left me wondering how soon “the” house will show itself in the system.

Last night I ran a search for one of these buyers, who is looking for a 3-bedroom, 2-bath ranch home in four different communities. In their price point, only seven homes came up, and one of those has an accepted offer.

Then I ran a search for another buyer, who is looking for an older home with the character and charm we don’t typically see in newer construction. I found no homes that met their criteria. Not even close. And this is in a community that typically has several to choose from.

So what’s going on? Where have all the listings gone?

The Ozaukee county real estate market and Washington county real estate market are making a comeback. You’ve heard it before — interest rates are still below 4%, and buyers are feeling more confident, resulting in more homes being sold, an increase in prices in some areas, and fewer days on the market.

For sellers who have been toying with the idea of selling, this may be the time. The buyers are out there.

For buyers who have been thinking about buying, be ready to move quickly and be prepared to make your best offer out of the gate.

Times they are a-changing. Get ready for a wild and crazy ride!

 

Originally posted at http://peggywester.com/houses-gone/.

 

Peggy Wester
Phone: 262-370-1757
Email: pwester@realtyexecutives.com
Website: peggywester.com
Blog: peggysblog.com


Peggy Wester - Realty Executives Integrity

Comment balloon 4 commentsPeggy Wester • April 23 2013 04:28PM
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