Market Reports: March 2020
As COVID-19’s impact spread across the country in March, Milwaukee area inventory levels rose 26.1 percent to 3,747 units. However, prices continued to gain traction. The Median Sales Price increased 13.0 percent to $244,950. Days on Market was down 10.6 percent to 42 days. Buyers felt empowered as Months Supply of Inventory was up 31.6 percent to 2.5 months. 

Year to date comparison of sales in 2020 to sales in 2019 and 2018 are trending positive, more than 200 million more in total sales have closed, compared to this time in the past two years. We are also seeing more transactions year to date now than compared to last year.
While the effect of COVID-19 is varied throughout the country, we are likely to see impacts to housing activity now and into the coming months. Its continued spread is leading many companies and consumers to change their daily activities. ShowingTime is closely monitoring the situation and releasing daily updates on changes in showing activity.

All data for the market reports comes from the Multiple Listing Service, Inc. and is powered by ShowingTime. You can follow this link:  Metro MLS Market Updates   or visit  www.metromls.com .

The views and opinions expressed in this article are those of the authors and should reflect only on trends that affect the economics of real estate.

Please contact your respective MLS with any questions. You may also follow our updates at   http://twitter.com/metromls .  Metro MLS members can call the Help Desk at 414-778-5450 or email    support@metromls.com
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Please contact your respective MLS with any questions. 
 Metro MLS members can call the Help Desk at 414-778-5450 or email  support@metromls.com .