Market trends: May was red, June feels better

[Marcus Auerbach]

Milwaukee has been one of the hottest markets in the US in 2025 - until May. I am just going over the numbers for my June Update and we have probably seen the biggest single months shift in a decade. All major KPI's went red:

- home price increase went for 11% to 0.3%
- inventory exploded up 53%
- home sales are down by over 40%
- list prices are down, but sold-to-list ratio is still at 103.2%: that is a total conundrum!!

We rarely ever see a double-digit % change in a single month, let alone this scale! And from all months this is happening not in November, but in May - the #1 spring market month. The interesting thing is that June feels already much better, actually the last 2 weeks. All our agents reported the same thing at the team meeting on Monday - they went from very low activity to hair-on-fire-busy.

What is happening? 

[Charles Clark]

@Marcus Auerbach
Sounds like buyers hit pause in May—likely due to rate spikes or market uncertainty—causing a sharp dip. But the sudden June rebound suggests it was a temporary shock, not a trend. Market's correcting fast!