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Early fall along the river in Cedarburg, Wisconsin. Photo by Ted Balmer via Unsplash.
September brought a noticeable increase in available inventory across Ozaukee County, giving buyers more options as the market moved into fall. Homes continued to sell relatively quickly, but some of the competitive pressure seen earlier in the year eased during the month.
Market Activity
A total of 106 homes sold in Ozaukee County during September, while 140 new listings came to market. There were 277 properties available for sale during the month.
The absorption rate was 0.38, compared with 0.58 year to date, reflecting the larger amount of inventory available relative to sales activity.
Prices
The average sale price was $586,032 in September, slightly below the year-to-date average of $596,031. Meanwhile, the median sale price reached $515,000, compared with $508,654 year to date.
The average sale price per square foot was $252, exactly matching the year-to-date figure. Taken together, the numbers suggest that while the mix of homes sold during September affected average and median prices differently, values remained relatively steady overall.
Pace
Homes sold in an average of 28 days during September, compared with nearly 34 days year to date. While that was somewhat slower than the pace seen during the summer, homes continued to move faster than the year’s overall average.
Sellers received an average of 99.92% of their asking price, compared with 101.1% year to date. This was a notable shift from earlier in the year, when buyers were more frequently paying above asking price.
Inventory
The most significant change in September came from inventory. Ozaukee County reached a 2.61-month supply of homes, compared with 1.84 months year to date.
With 140 new listings and 106 closed sales, buyers had more selection than they did earlier in the year. A 2.61-month supply still represents relatively limited inventory, but the increase may provide buyers with a little more time and flexibility when considering their options.
For sellers, this makes pricing and presentation increasingly important. Buyers who have more homes to choose from can also afford to be more selective.
Home Flow Insight: Help Buyers See Themselves in the Home
When preparing a home for sale, staging doesn’t have to mean filling every room with new furniture or décor. Often, the most effective changes involve removing enough that buyers can easily understand how each space works.
Clear walking paths, appropriately scaled furniture, and fewer personal or decorative items can make rooms feel more open and help buyers focus on the home itself. Pay particular attention to the areas buyers encounter first, including the entry, living spaces, and kitchen.
The goal isn’t to make a home feel empty. It’s to create enough visual breathing room that buyers can imagine how their own life might fit into the space.
Looking Ahead
September showed a gradual shift in the Ozaukee County market. Inventory increased, sellers received slightly below asking price on average, and buyers had more homes to choose from. At the same time, homes continued to sell faster than the year-to-date average, and price per square foot remained steady.
As we move further into fall, it will be worth watching whether inventory continues to build or begins to decline with the seasonal slowdown.
Thinking about buying or selling in Ozaukee County?
I’m always happy to talk through what these numbers may mean for your particular situation.
Dillon Reed, REALTOR®
Coldwell Banker Realty
262.305.5704
dillonreedrealestate.com
Market statistics are based on MLS data and are believed to be accurate but are not guaranteed. Individual properties and market segments may perform differently.
