www.zillow.com/research/

APRIL2019 Milwaukee Metro

National Home Values

Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%

Milwaukee Home Values

Current: $232,300Monthly Change: 0%Quarterly Change: 1.4%Annual Change: 6.3%Negative Equity*: 6.9%

Home Values Forecast

(next 12 months)

National: 2.8%Milwaukee Metro: 3.4%

Major Cities - Home Values

MilwaukeeCurrent: $122,800Monthly Change: 0%Annual Change: 9.3%

WaukeshaCurrent: $231,100Monthly Change: 0.3%Annual Change: 7.2%

West AllisCurrent: $151,100Monthly Change: 0.3%Annual Change: 6.9%

WauwatosaCurrent: $261,100Monthly Change: 0.3%Annual Change: 5.9%

BrookfieldCurrent: $323,000Monthly Change: 0.1%Annual Change: 5.5%

Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community

City ZHVI Year-over-Year-8.3% 0.0% - 2.2% 2.3% - 5.0% 5.1% - 6.9% 7.0% - 9.4% 9.5% - 16.5%

Home Values (ZHVI)Increasing Values: 74.7%Decreasing Values: 18.9%Fall From Peak: 0%Peak ZHVI Date: 2019-04Peak ZHVI: $232,300

RentZillow Rent Index: $1,334

Monthly Change: -0.2%Annual Change: 0.1%

Rent List Price: $1,250Rent List/Sq. Ft.: $1

SalesMedian Sale Price: $–

Monthly Change: –%Annual Change: –%

Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%

ListingsMedian List Price: $255,400

Monthly Change: 2.2%Annual Change: 9.2%

List Price/Sq. Ft.: $150Listings with Price Cut: 10.2%Amount of Price Cut: 2.9%

ForeclosuresHomes Foreclosed: –/10, 000

Monthly Change: –Annual Change: –

Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp

How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.

* Negative equity data is from 2018Q2.

APRIL2019

*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be

available online at www.zillow.com/research/data by emailing press@zillow.com

Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.

www.zillow.com/research/

Largest Cities Covered by Zillow

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Brookfield 323,000 0.1 1.3 5.5 2,099 -0.4 -1.2 2.4 2.8 3.8Cedarburg 309,700 -0.3 0.2 4.2 2 3.2Cudahy 195,900 0.1 3 8.1 1,223 -0.6 -1.5 -1.2 5.4 8.9Franklin 274,000 -0.1 2 5.2 1,314 0.1 0.2 1.6 3.5 3.2Germantown 276,000 0.3 0.5 0.5 1,486 -1 -2.8 -8.7 0.2 3.7Greenfield 188,600 0.1 2.4 5 1,144 0 0.2 4.1 3.7 5.2Hartford 216,200 -0.4 -0.5 4.4 1,233 -2 -4.6 -6.9 1.3 4.3Menomonee Falls 260,000 -0.2 0.7 6.1 2.5 3.9Mequon 393,300 -0.2 0.6 4.3 2.7 5.3Milwaukee 122,800 0 2.3 9.3 1,051 0.1 0.5 1.4 5.6 15.7Muskego 314,200 0 0.7 7.7 1,746 0.3 -0.2 5.2 3.7 4.3New Berlin 279,300 0.6 2.4 6.8 1,660 0.1 -0.2 4.8 4.2 2.7Oak Creek 246,800 0.2 2.8 8.1 1,227 -0.2 -0.8 1 5.3 4.0Oconomowoc 280,600 0.6 2.9 16.5 1,767 0.9 2.6 9.5 9.2 4.4Pewaukee 298,400 0.4 1.9 2.2 1,950 -0.5 -0.4 7.9 3 4.4South Milwaukee 165,500 0.4 3 8 6.3 9.7Waukesha 231,100 0.3 1.4 7.2 1,486 0.4 1.9 5.9 3.8 4.7Wauwatosa 261,100 0.3 3.1 5.9 4.9 5.6West Allis 151,100 0.3 2.8 6.9 1,001 -0.8 -1.6 0.1 5.1 9.4West Bend 201,200 -0.2 -0.7 4.4 1,193 -1 -1.8 -3.7 1.4 3.9

Largest Counties Covered by Zillow

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Milwaukee County 162,100 0.1 2.7 7.1 1,076 0 0.2 3.2 5Ozaukee County 287,800 0 0.5 5.8 2.7Washington County 246,300 -0.1 0.1 4.2 1.6Waukesha County 294,200 0.4 2.2 6.8 1,784 0.2 -0.1 5.9 4.3