With 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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