July Market Update
Posted by Shawn Kriewaldt on
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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