May home sales in the Milwaukee Metro Area down 2.7%

MILWAUKEE (CBS 58) -- Home sales in May are down over 2% in the Milwaukee metro area as there's a shortage of homes on the market.

The Greater Milwaukee Association of Realtors says 2,121 homes were sold last month in Milwaukee, Ozaukee, Washington, and Waukesha counties.

Although the housing market is full of possible buyers, there aren't enough sellers of good properties to meet the demand.

The influx of first-time buyers, low-interest rates, and a strong regional job market are all factors for the current trends.