State of the Market — June 2015

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A letter from Joseph A. Horning, President of Shorewest, REALTORS®

Spring season has finally arrived here in Southeastern Wisconsin. The real estate market is also back in force, with substantial growth in the early months, specifically March. Home sales increased 16.1% in March 2015 over March 2014. Homes are selling quickly — with multiple offers, sometimes even over asking price. Median home prices also rose — an 8.8% increase to $149,000 over the same period.

Throughout the first quarter, existing-home sales in many regions of the state saw 12.6-18.4% growth, almost doubling the prediction. Shorewest has also seen its strongest start since 2007, with many of our associates reporting that they are busying now than in the summer months.

Low mortgage rates and continued job growth are helping keep the homeownership dream alive for many families.

We are also excited to announce that Shorewest is an official partner of the Milwaukee Brewers. Make sure to look for our logo when you visit Miller Park this summer.

Thank you for partnering with us to make this the most successful quarter since 2007. With spring here and the summer buying season in sight, now is the time to contact Shorewest for all of your real estate needs.

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