Market Monday: More Rate Movement

Waukesha County Real Estate: This Week's Data & Mortgage Rate Update

Welcome to your weekly Waukesha County real estate market update. Let's get straight to the key indicators.

Market Snapshot:

• Median Sale Price: As of January 2025, the median sale price in Waukesha County was approximately $461,000, a year-over-year increase of roughly 14.8%.
• Days on Market (DOM): The median DOM is around 61 days, slightly higher than last year.
• Inventory: February 2025 saw an increase in homes for sale compared to January 2025. Monitor sites like Realtor.com and Redfin for current listings.
• Sale-to-List Price Ratio: Homes are selling close to their asking price, with a ratio of approximately 98.6%. Roughly 29.7% of homes are selling above list price.

Mortgage Rate Trends:

• 30-year fixed mortgage rates in Wisconsin are currently hovering in the mid 6% to low 7% range, as of early March 2025.
• These rates are volatile and influenced by national economic factors. A slight upward trend is noticeable compared to last week.
• For the most accurate, up-to-date rates, contact local lenders. Reliable online resources include Bankrate.com and NerdWallet.com.
• Rate fluctuations directly impact affordability. Pre-approval is crucial for buyers to understand their purchasing power.

This Week's Focus:

• Pay attention to variations within Waukesha County's neighborhoods.
• Monitor upcoming economic reports, especially those related to inflation and employment.
• Be aware of potential seasonal shifts in market activity.