May 2013 Mequon-Thiensville Housing Market Report

Accepted offer sign from Shorewest in MequonWith days on market continuing to shorten and number of closed sales increasing (compared to May of last year), the Thiensville and Mequon real estate market continues to show strength.

Current potential buyers are seeing houses go more quickly with, in some cases, multiple offers. Homes under $350,000 seem to be moving more quickly than even six months ago.

Here are the Mequon-Thiensville market highlights for May 2013 as reported by Metro MLS in Wauwatosa.

New Listings = 72

9% increase over last month (April), 5.9% increase over May 2012

Closed Sales = 39

Identical number of closed sales as compared to last month (April), 18.2% increase over May 2012

Median Price = $329,000

3.5% increase as compared to median price of $318,000 in May 2012

Percent of Original List Price Received = 92.7%

1.8% increase as compared to May 2012

Days on Market Until Sale = 96 days

10 days less as compared to May 2012 (106 days)

Inventory — Single-Family Detached = 155 units

26.2% fewer single-family detached units as compared to May 2012 (210 units)

Inventory — Townhouse-Condo = 66 units

22.4% fewer townhouse-condo units as compared to May 2012 (85 units)

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About Jen Keller

Jen Keller is the founder and managing editor of Your Mequon. She left the hubbub of the San Francisco Bay Area 15+ years ago and is happily raising her 3 sons in Mequon - Thiensville. Jen also runs a SEO consulting company and from time-to-time, offers SEO training.

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