Real Estate Perspectives
June 19, 2023 | Suzanne Powers

Hot Seller's Market | Milwaukee Real Estate

Milwaukee is “HOT”. One of the hottest places to relocate in the Midwest. What Seller’s and Buyer’s need to know.
Hot Seller's Market

Increase your chances of a quick and profitable sale!

Powers Realty Group Ranks #1 in Wisconsin

If you are selling a home in Milwaukee, there are a few things you can do to increase your chances of a quick and profitable sale. First, get your home in top condition. Buyers are more likely to make an offer on a home that is clean, well-maintained, and staged. Second, price your home competitively. Buyers are less likely to make an offer on a home that is overpriced. So why now, why is Milwaukee so “hot”? There are a number of contributing factors and we just beginning to see Milwaukee blossom into one the country’s must move destinations:

Low Inventory

Throughout the country we have low inventory. The United States as a whole is down over 5 million housing units – filling demand is making this one of the most robust seller’s markets we have ever experienced. The inventory of homes for sale in Milwaukee is at a historic low.

  1. The pandemic: The pandemic led to a surge in demand for single-family homes, as people sought out more space and a yard.
  2. Low interest rates: Low interest rates have made it more affordable to buy a home, which has also increased demand.
  3. The millennial generation: The millennial generation is now the largest generation in the workforce, and they are starting to buy homes in large numbers.
  4. Chicago – Milwaukee is an attractive draw for buyers looking to move from Chicago for great schools, recreation, and the work from home movement.

Influx of Transferees

Milwaukee is seeing an influx of transferees from around the country due to our quality of life and ample supply of natural resources.

Affordability: Milwaukee is a more affordable city than Chicago, which is attractive to many transferees.

Quality of life: Milwaukee offers a high quality of life, with a strong economy, a vibrant arts and culture scene, and a variety of outdoor activities.

Strong Economy

Milwaukee's economy is strong, which is also contributing to the hot housing market. The unemployment rate is low, and wages are rising. This means that people have more money to spend on housing, which is driving up prices.

What Sellers Need to Know

If you are thinking about selling your home in Milwaukee, now is a great time to do so. The market is hot, and you are likely to get a good price for your home. Here are a few tips to help you sell your home quickly and for top dollar:

Get your home ready to sell: This includes decluttering, staging, and making any necessary repairs. Powers Realty Group has a variety of services we offer our sellers to help you in the process.

Price your home competitively: Buyers are less likely to make an offer on a home that is overpriced.

Consider Seasonality: Summer is considered our play time in Wisconsin. It is tougher to sell a home in the summertime here due to our endless summer festivals and activities. The high housing selling season is January through May followed by the fall as the second best time of the year to sell.

Work with a qualified real estate agent: A good agent can help you market your home to the right buyers and negotiate the best possible price.

Contact Suzanne Powers today to learn more about how we can help you sell your home in Milwaukee.

Experience a seamless home selling and buying process with Powers Realty, Milwaukee’s trusted local experts for over 2 decades. Our tailored approach ensures optimal results. Contact me today to discuss your home needs.

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Powers Realty Group is a distinctive boutique real estate broker focused on the needs of customers delivering exceptional results. We are the trusted local experts. Call us at 414.870.7175 about buying or selling your home.