APRIL2019 Milwaukee Metro · Median Sale Price: ${Monthly Change: {% Annual Change: {% Sale...
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www.zillow.com/research/ APRIL2019 Milwaukee Metro National Home Values Current: $226,800 Monthly Change: -0.1% Quarterly Change: 0.4% Annual Change: 6.1% Negative Equity*: 8.2% Milwaukee Home Values Current: $232,300 Monthly 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 Milwaukee Current: $122,800 Monthly Change: 0% Annual Change: 9.3% Waukesha Current: $231,100 Monthly Change: 0.3% Annual Change: 7.2% West Allis Current: $151,100 Monthly Change: 0.3% Annual Change: 6.9% Wauwatosa Current: $261,100 Monthly Change: 0.3% Annual Change: 5.9% Brookfield Current: $323,000 Monthly 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: 2019-04 Peak ZHVI: $232,300 Rent Zillow Rent Index: $1,334 Monthly Change: -0.2% Annual Change: 0.1% Rent List Price: $1,250 Rent List/Sq. Ft.: $1 Sales Median Sale Price: $– Monthly Change: –% Annual Change: –% Sale Price/Sq. Ft.: $– Sale-to-list Price Ratio: – Sold for a Loss/Gain: –%/–% Listings Median List Price: $255,400 Monthly Change: 2.2% Annual Change: 9.2% List Price/Sq. Ft.: $150 Listings with Price Cut: 10.2% Amount of Price Cut: 2.9% Foreclosures Homes Foreclosed: –/10, 000 Monthly Change: – Annual Change: – Foreclosure Resales: –% Monthly Change: –pp Annual Change: –pp How do we track home values? To track home values, we use the Zillow Home Value Index (ZHVI). The ZHVI is the mid-point of estimated home values for the area. Half the estimated home values are above this number and half are below. * Negative equity data is from 2018Q2.
Transcript of APRIL2019 Milwaukee Metro · Median Sale Price: ${Monthly Change: {% Annual Change: {% Sale...
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 [email protected]
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
