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Milwaukee metro home sales rebound in August

MILWAUKEE (AP) — Home sales in the Milwaukee area rose in August after a dip in July.

According to report Monday by the Greater Milwaukee Association of Realtors, sales of existing homes rose 9.5 percent in August compared with the same month last year.

The report says 2,117 homes were sold last month in Milwaukee, Ozaukee, Washington and Waukesha counties. August sales rose in all four counties.

Home sales in the Milwaukee metro dipped in July amid a shortage of inventory. According to the report, Milwaukee and Waukesha counties saw “solid increases in listings” to help boost sales but inventory “is still chronically low for the year.”

The Journal Sentinel reports for the first eight months of 2016, sales were up 6.8 percent in the metro compared with the same period last year.

 

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