For the first time in 2018, monthly home sales in metropolitan Milwaukee declined year-over-year, dipping 2.7 percent in May.
Still, with 2,121 homes sold, May 2018 was considered by the Greater Milwaukee Association for Realtors a strong month, with a continued influx of first-time home buyers accounting for approximately 40 percent of the market.
For the year, there were 7,715 total sales, compared to 7,411 in the first five months of 2017, a 4.1 percent increase.
In the metropolitan Milwaukee area, homes under $300,000 accounted for 73.5 percent of homes sold in May. Of those homes, 63 percent sold in under 30 days on the market.
Read more in BizTimes Milwaukee.