The Milwaukee Seller Dilemma - June 2023 Market Update

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Adressing some of the popular misconceptions about the current market and the stuggles sellers face when they think about moving into a new home. Plus, the latest MLS numbers and trends.
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About Marcus:
Marcus Auerbach is a top 1.5% agent in the Greater Milwaukee Area. He lives in Mequon, an engineer by trade, w/ corporate management background, real estate investor, he is the owner of On Point Realty Group / Keller Williams North Shore.
Contact information:
cell: 262 671 6868
email: m.auerbach@kw.com
Website: OnPointRG.com
Service areas include most of the Milwaukee metro area: Mequon, Cedarburg, Grafton, Port Washington, Shorewood, Whitefish Bay, Wauwatosa, Milwaukee, West Allis, Brookfield, New Berlin and more.
Download the free guides at www.onpointrg.com

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Опубликовано:

16 июл 2024

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Комментарии : 11

@katieweiher Год назад

The 2023 market has been making our purchase last June look like a deal. At the time, it felt like almost a ridiculous price to pay for a fixer upper, but it checked everything we wanted. It looks like the data is confirming that we probably would have paid even more this year!

@MarcusMKE Год назад

That's Very likely true Katie. It depends in which community you are. Most listings that came out in early spring this year were priced (list price!) a little higher than 2022 comps. Think of it as the average of 5 houses like yours close by. And then you can typically add 20k to 50k on top of the asking price (depends on condition and location). Milwaukee is still priced about 30% below the national average and we are not a below average city, so there is a reasonable expectation that over time this will correct.

@ae744 Год назад

Your videos are so informative! Thanks so much, my family will be listing soon.

@MarcusMKE Год назад

Thank you! Would love to take a look at your house! If you want to connect here is my email: m.auerbach@kw.com

@JJSEvolution Год назад

Really appreciate all the charts and graphs showing the hard data of what is happening in order to figure out the best course of action to take in this market!

@MarcusMKE Год назад

Glad to hear. I have always found that with good data you can make good decisions. Stay tuned for next month's market update!

@likes-yv3lj Год назад

I’m looking for a house but houses sell by the time I see them on the market

@jknowstheway1462 Год назад

It amazes me that most brokers have little to no economic knowledge or awareness. Your breakdown of the relationship with the 10 yr bond, interest rates etc shows an astute and informed understanding of what affects house pricing in the aggregate. Refreshing to see such an informed educated opinion.

@MarcusMKE Год назад

Thank you for the nice compliment! It has always been very important for me to understand the MKE market as we also invest in real estate. And I think our clients should know as well and be able to make decisions based on sound information, that's why I started this channel.

@dantoinfredericks904 11 месяцев назад

Sobering

@MarcusMKE 11 месяцев назад

Not my intention to deflate anyone's dreams, but rather to provide a realistic picture and information you can use to your advantage! What were you looking to do?