2009 Real Estate Guide
real estate
Home price trends in Milwaukee

City-by-city price comps
BrewCity might need to buy a few rounds for other cities. It hasn't faced the difficulties seen elsewhere as home prices and supply didn't spike -- or suffer the hangovers that other cities did. Residential building permits declined by 23 percent from December 2007 to December 2008. Experts predict home values declining 3 percent to 5 percent this year.
Median price end of 2008:$194,900
Median price end of 2007:$219,500
Percent change:-11.2%
Projected change through Q3 2009:-2.5%
Affordability rating:4.8
Foreclosures in 2008:
(1 for every 64 households)
Foreclosures in 2007:
(1 for every 98 households)
Change in foreclosures:55.9%
Expected to hit bottom:Q1 2010
Percent drop needed to reach bottom:-5.5%
Current rate comparison
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Price trends
Q1 2008 national median price: $196,100
Q2 2008 national median price: $206,400
Q3 2008 national median price: $200,400
Q4 2008 national median price: $180,100
Q1 2008 local median price: $204,400
Q2 2008 local median price: $219,900/td>
Q3 2008 local median price: $216,800
Q4 2008 local median price: $194,900

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