Contrary to the RadarLogic report we posted a few days ago, the Greater Milwaukee housing real estate market does show declining prices, except in Ozaukee County.
Home prices fell 4.6% and sales of existing homes dropped 18.2% in the Milwaukee metro area last year as the economy stumbled and potential home-buyers stayed out of the market
...Milwaukee County saw the steepest slide in the prices of existing homes, with the average sale price slipping to $169,737 from $192,844 in 2007, a decline of 12%, according to figures released Monday by the Wauwatosa-based Multiple Listing Service Inc.
The average home price was down 5.4% in Washington County, retreating to $218,492 from $231,052. The average price in Waukesha County was $283,833, compared with $301,688 a year ago, a decrease of 5.9%.
Prices rose 1.7% in Ozaukee County, according to the MLS numbers, with the average price climbing to $315,871 from $310,535 last year.
Oh, well. It was nice while it lasted.
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