"March Madness" has descended upon Madison, Wisconsin. That means plenty of hoops action at the Kohl Center. The boys state basketball tournament begins this Thursday at the Kohl Center, followed by the girls state tournament next week at the Resch Center in Green Bay. Bucky will also be playing his heart out, hopefully into the later rounds of the NCAA tournament.

The term "March Madness" also applies to our local real estate market. With more demand and less supply, many sellers are benefiting from a feeding frenzy for homes. As one client commented to me this weekend, "this market is crazy!". Her first 3 showings resulted in 3 offers (all of them above the list price), and we had her house sold in 4 days.

This is the kind of market we expect

This weekend I came across this sign at the intersection of Midvale Blvd and Mineral Point Rd on Madison's near west side. This intersection is surrounded by the Westmorland, Sunset Village, Hill Farms and Midvale Heights neighborhoods. It's an interesting place to post a sign targeting distressed sellers. The near west side is Madison's most stable real estate market, where the home values have held up amazingly well, even through the worst of the real estate downturn.

Most sellers on the near west side are far from distressed. Sellers on this side of town benefit from a strong demand for a limited supply of homes. With the Spring market right around the corner, the buyers will be out in full force very soon, and many of them will be targeting