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What was the Dane County real estate market like in 2016? What can we expect for the rest of 2017?
In 2016, we set a new record for the all-time number of sales for single-family homes as well as single-family condos, finishing the year with 8,073 sales. December was also a record month with 17% higher sales than December 2015.
The best part? We accomplished this with a restricted amount of inventory. That restricted inventory put pressure on prices which resulted in an increase in the median sales price of about $13,000. At the end of 2016, we had a supply of 1.78 months of homes and condos. This was 25% less than…
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