Market Updates

Here you'll find the latest on what's happening with the housing market.

Found 8 blog entries about Market Updates.

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

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What does our market look like currently in comparison to last year at this time? Here are the numbers to watch.

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Here are the latest mid-year statistics from our Dane County market.

In June of 2018, we had more than 11% fewer closings than we did in June of 2017. While that seems like a big difference, average and median prices have increased by 7% for June sales.

In our current market, we have about 1.87 months of inventory for homes and condos in Dane County. In a healthy, balanced market, we would have around 6 months of inventory. This level of inventory is lower than it was in June of last year, and that was even lower than

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As we move through the spring market, demand continues to surpass supply in Dane County. If you’re a seller, now is the time to put your home on the market.

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What’s the latest news from our Dane County spring market?

As we've discussed previously, spring is always the hottest time for real estate, and this year is no different. We expect March, April, and May to be the three hottest months for real estate in terms of accepted offers. June will be the hottest month in terms of closed sales, but the accepted offers leading to those sales are occurring now.

Looking back on January, February, and March, our first quarter market was

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If you’re a buyer, you shouldn’t necessarily be worried about rising interest rates. If you’re a seller, however, now is the time to get top dollar for your home.

 

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Interest rates have finally started to rise. In fact, for the first time since last summer, they’ve increased to more than 4% for a 30-year fixed mortgage. Today, they’re at 4.5% for most of the lenders we work with.

We’re in for quite a competitive stretch in the housing market. By the end of last year, we had fewer than 1,000 active listings here in Dane County. Right now, we have 848 condos and single family homes for sale without accepted offers.

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2018 is almost here. Do you want to know how our market is expected to change?
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What’s happening in our market right now? What can we expect from the market in 2018?

First, let’s start off with the number of homes that are currently available in the Madison area. Currently, there's less than 1.5 months of supply in terms of both condos and single-family homes.  What does this mean you may ask? This means we’re in a seller’s market at the moment (brief explanation: a balanced market is about 6 months of available homes at the rate of sale using the average of the past 12 months. In a "balanced" market supply and

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If you're currently interested in buying or selling a home, you're probably wondering: what's going on in the real estate market right now? Inventory is tight and prices are on the rise, but all hope is not lost for buying a home. Want to sell your home? Get a FREE home value report. Want to buy a home? Search all homes for sale.

 

What's going on in the market here in Dane County?

Interest rates are still bouncing around near historic lows and we're still short on inventory, so sellers continue to have a big advantage with median home prices skyrocketing. The number of sales has decreased due to the low inventory; April and May saw the fewest same-month home sales we've seen since 2014 and was also

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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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Want to sell your home? Get a FREE home value report. Want to buy a home? Search all homes for sale.

 

One of the most common questions realtors get asked is, “How is the market?” Now that we have June's stats, let me give you an update. 

We are currently in a seller’s market, meaning sellers definitely have the advantage over buyers. This is measured by our level of inventory, or absorption rate. It’s a measurement of how long (given the numbers of sales over the past year) it would take all the homes currently on the market to sell if no more were listed or expired. While a balanced market is around 6 months inventory, we currently only have a 2.37 month supply in Dane County.

Compared to this time last year, we

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