Found 5 blog entries tagged as Market Update.

The Best Time to List Your Home: Why March is Your Ideal Month

When it comes to selling your home, timing can play a crucial role in the success of your sale. While the right time can vary based on individual circumstances, market trends often reveal opportune moments. One such period that stands out in the real estate calendar is March, especially for those considering a sale in Dane County. Check out our video below to learn more about what makes March such an ideal month to list your home:


Understanding Market Dynamics

In today's real estate landscape, the supply of available homes is notably low. Dane County, a vibrant region known for its diverse neighborhoods and strong community bonds, currently has only 409 active single-family…

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What is the ideal time to get your house on the market?

The answer is different for everyone. It might be your individual needs. If you need to be in Albuquerque in a month, that answer will always be as soon as possible. If you could perfectly time it in our market, most accepted offers happened in the month of April.

We currently have an extremely low supply of available houses that don’t already have accepted offers. In Dane County, we have 409 active homes, single-family homes, and condos for sale. In Madison, we have 90 without an accepted offer. In a balanced market, you have about six months’ supply of homes and condos for sale, where the market doesn’t advantage sellers and doesn’t advantage buyers. In Dane County, we have 21 days…

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Dane County Real Estate Recap 2022 

The real estate market in Dane County saw a decrease in sales of single-family homes and condos in 2022, with 15.4% fewer homes sold for a total of 7,293. This can be attributed to the 14.2% decrease in listings that came onto the market. The low inventory levels also played a role in the decrease in sales. The total number of active homes on the market as of January 1 is only 526.

Interest rates have also increased, currently sitting at over 7%. Although there may be some fluctuation, it is expected that they will stay in the range of 6% to 7%. This increase in interest rates has led to a drop in price appreciation, however, the average and median sale prices for homes and condos in Dane County still saw…

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How to Calculate your Net Proceeds

The market has been changing lately, and many people have been wondering if it’s a good time to sell their homes. If that is you, one factor that will help you make that decision is knowing how much money you’ll get to keep after you sell. Too many people oversimplify this estimate and end up disappointed. I want to help you avoid that.

Start by using a home value estimate calculator. You can access mine here. This is a free tool that shows you an estimate of how much your home is worth. This is not a guarantee, so know that numbers will fluctuate. However, this will at least help you get a good ballpark figure to start with.

After that, figuring out how much of the money from your home sale that…

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The latest news about the real estate market this holiday season.

Happy holidays! Thank you for putting your trust in our team. I also want to give you a quick update on what’s happening in the market. There are so many doom and gloom headlines. While they might reflect some parts of the country, real estate markets are very local. Even from one city to another nearby, there can be vast differences. 

 

 

Right now, homes are still selling, however, the supply of available houses is still low. We have half a month of active inventory. Even if you include the listings with accepted offers, we still only have one month’s supply. A balanced market would have about six months of inventory, so this is still a seller’s market. If you’re a buyer…

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