Q4 Update From Shorewest Leadership

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To our Friends, Neighbors and Clients,

In a year full of personal challenges and lifestyle changes, homeownership provided many with security. The way we view our homes changed when they became our office, school, recreation center and so much more. Shorewest,REALTORS® is proud to have served our community’s housing needs for the past 75 years, and we are committed to continue giving excellent service as we recover from this global pandemic.

This year, Shorewest, REALTORS® is honored to celebrate the milestone of 75 years of business. Over the past seven and a half decades, the company has grown to 26 offices and over 1,000 sales associates. Even with exponential growth, the fact remains: we’re a family-owned business, and continue to provide outstanding personal service. We are proud that through three generations, Shorewest has remained the prominent name in real estate. 

While virtually every sector of the economy felt the effects of the pandemic, the housing market skyrocketed in the fourth quarter of 2020. The year recorded the highest level of sales ever, coming in at 22,445 units in the four-county Metropolitan Milwaukee market. December showed home sales were up by 26% in Southeastern Wisconsin.

In the seven-county Southeastern Wisconsin market area, the average price of a home was $308,494, up 9.6%. Prices continue to rise, which is not surprising considering the lack of inventory throughout the area. A balanced market is considered to have six months of inventory. We are seeing only two months of residential listings. However, we have seen an increase in listings the last five months of 2020, which is very promising. Working with a Shorewest REALTOR® will give you the upper hand in today’s highly competitive market.With a network of over 1,000 agents and hundreds of listings each month, you’ll have exclusive access to listings before anyone else. 

At Shorewest, we understand the importance your home holds, especially now. If you are looking for a new home because your work or living situation has changed, we’d love to help. Let our team of knowledgeable professionals serve as your trusted advisors to safely guide you to achieving your real estate goals.

Joe and John Horning
Third Generation Leadership
Shorewest, REALTORS®

Categories: Quarterly Newsletter, Real Estate News, Shorewest News, Uncategorized

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