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In a hot market, not enough homes are for sale

On a recent Friday, Shorewest Realtor Beth Jaworski listed a three-bedroom, 1½-bathroom Dutch colonial house with a single-car garage in a popular Wauwatosa neighborhood for $289,900.

By Sunday night that same weekend, the house had five offers from buyers. It sold for $315,000.

“I’ve never seen it quite like this,” said Jaworski, who has been selling residential real estate for almost 25 years. “You can put a property on the market, and literally within hours, you’ll have 15 to 25 showings scheduled.”

That seller’s market deal in Wauwatosa — and many others like it — shows how hot the metro Milwaukee climate for existing home sales has become.

But it also helps illustrate a dilemma that buyers and real estate agents face just as the housing market moves into its peak season: Homes for sale are in short supply.

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