We are seeing gas price start to creep up. Economists are saying $4.00 maybe even $5.00 per gallon is feasible. In the past, large long-term gas price increases have increased local metro Milwaukee home and condo sales as well as reduced outer metro Milwaukee home sales. Will or could this help the downtown Milwaukee Condo market? Between the improving economy, past over building but nothing new on the market and increase gas prices, I believe our condo market will start showing signs of stabilizing and improved sales over the next 2-3 years. Remember it isn't the pricing that is hurting the market it is the lack of buyers.
This week's key fact to understand about today’s market:
The national median-home price is stabilizing.
The national median-home price is stabilizing.
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