If you're wondering what's happening in the real estate markets for both Madison, WI and Dane County, you're in the right place. Read on for today's market update.
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At the moment, we're in a seller's market, as we have been for quite some time. In the greater Madison area, there's currently less than one month’s supply of homes available for sale. In Dane County, there's a little less than 1.5 months of supply.
Some of you may ask, how does a seller's market affect property values?
Generally speaking, a low supply of homes for sale puts upward pressure on pricing. However, since it's still early in the year, most sellers haven’t…