Prices keep rising for single family homes, and they're rising for condominiums, too. Here's our latest update on all of the important trends in the Madison area condo market.
January Dane County condo prices
The price per square foot increased by 12 percent year-over-year, while the average price and median price increased by 13% and 7%, respectively.
New MLS listings
A scarcity of new listings is one big reason for higher prices. Only 94 condos were listed for sale last month, which was a new low for the month of January.
Months of supply
As of February 12th, only 86 condo listings were available for purchase, which is the equivalent of .6 months of inventory. Where will inventory go from here? Check out this recent article for
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