GMAR - March 2025

March 2025 Report Highlights

 • Sales Down Due to Lack of Listings & New Construction

 • Metro Prices Up 4.3% for the Quarter, Averaging $435,646

 • Macro-Economic Forces Yielding Uncertainty

 

2025 NY Resolutions for Your Home - TIP #4

 

Tips for Home Buyers

4. Work with a TEAM HOFFMANN 

Buying a home can feel overwhelming. Remember, we're here to guide you every step of the way...

Give us a call 414 - 897 - 0098.

Prepare for the New Year

Tips for Home Sellers

4. Partner with TEAM HOFFMANN

We have the market knowledge and connections to attract serious buyers.

No matter where your real estate journey takes you in 2025, preparation is key. With these tips and the right support, you’ll be ready to make your next move with ease. Here’s to a successful new year!

2025 NY Resolutions for Your Home - TIP #3

 

Tips for Home Buyers

3. Get Organized

Before starting your home search, gather essential documents. By doing so, you’ll ensure a smoother process when you find your dream home. Be sure to have:

   - Bank and income statements

   - Credit information

   - Tax returns

   - Personal identification 

Tips for Home Sellers

3. Make Updates and Finish Projects

Small upgrades can make a big impact on your home’s appeal. For example:

   - Declutter and organize

   - Freshen up with paint or minor repairs

   - Complete any lingering renovation projects

Well-maintained homes often sell faster and at better prices.

2025 NY Resolutions for Home Buyers & Sellers - TIP #2

 

Tips for Home Buyers

2. Monitor Your Credit

Credit scores can be tricky, but they’re critical for securing favorable mortgage rates. Therefore, aim for a score of 720 or higher to access the best deals. 

Here’s how to get there:

   - Pay your bills on time

   - Keep credit card balances low

   - Reduce your lines of credit to three or fewer

   - Check your credit report regularly for accuracy

Tips for Home Sellers

2. Set a Time Frame

If you have a target move date, establish your timeline early. For instance, account for:

   - Time to list and sell your home

   - The closing process

   - Your personal transition to a new property

We can help you back into an ideal timeline.

2025 NY Resolutions for Home Buyers & Sellers - TIP #1

 

Tips for Home Buyers

1.  Save Strategically to Purchase your Dream Home

While home prices may stabilize, interest rates remain high, and cash buyers are still active.

It might take time for significant changes to occur, so focus on building your savings. 

For example:

   - Bank your tax refund

   - Use coupons and take advantage of sales

   - Consider working an extra shift to boost savings

Tips for Home Sellers

1.  Research and Plan Ahead to Sell your Home

The market remains dynamic, with potential for high sale prices but unpredictable inventory. Consequently, it’s essential to do your homework:

   - Review local real estate reports

   - Understand current market conditions

   - Set realistic expectations regarding

      - Pricing

      - Timing

NOW is the time, it's time to SELL...?

 

What makes the third week of April a golden opportunity?

Historically, median home prices are about 1.1% higher than the typical week. This year, the week of April 14–20 is the best time to sell—that is, if sellers want to see lots of interest in their homes, sell quickly, and pocket some extra cash, according to Realtor.com® data.

READ MORE

Wisconsin is one of the easiest states to sell your home

Wisconsin is one of the easiest states to sell your home based on average number of days of the sale, according to a new report from Agent Advice.

Indiana ranked first with an average of nearly 60 days between the start and finish of the sale, while Wisconsin came in second at almost 65 days, according to the report. Michigan was third at 66 days.

The study analyzed recent Zillow data outlining the average number of days it took for an offer to be accepted on a home in each state and the average number of days it took to close the sale. Sale time varies due to demand to move to the state and a lack of supply for affordable housing, according to the report. READ MORE

Happy St. Patrick's Day from Team Hoffmann

 

The 56th Shamrock Club of Wisconsin St. Patrick’s Day Parade, presented by Miller Lite, took place Saturday, March 9, 2024. Thousands of locals and visitors came out to watch the Parade which featured over 100 Parade units including Irish dance groups, pipe and drum corps, local dignitaries and more. Thanks to thanks to all of our sponsors, unit participants and volunteers. Because of their support, we are able to continue this special tradition and celebration of Milwaukee’s rich Irish heritage.

Team Hoffmann