Mad City Dream Homes Real Estate Blog, Madison WI

Dane County condo buyers were very active in the month of June as local condo prices continued to rise. Here's our latest snapshot of the Madison area condo market:

Accepted offers were up big-time in the month of June.

A total of 205 condo contracts were written in June, which was up 23% from last year. On a year-to-date basis, accepted offers are down by 1% from the first 6 months of 2019. 

Madison WI Condo Accepted Offers June 2020

This chart shows accepted offers by week. As the graph shows, new contracts decreased significantly in April, and then started trending higher in May and June. 

Condo prices rose once again in June. 

The June price per square foot was the highest on record. 

 

Condo sales increased by 8% in June. 

Madison area condo sales were lower by

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June was another strong month for real estate in the Madison, Wisconsin area. Here's our quick summary of how the Dane County single family home market performed last month. 

Madison area home prices increased 4% year-over-year and 5% year-to-date. 

The price per square foot reached a new high in the month of June. 

Madison WI Home Prices June 2020 

New MLS listings were lower by 14% during the month and 14% year-to-date. 

A lack of fresh supply is benefiting home sellers in 2020. June listings were at their lowest level since 2011. 

This graph shows new listing activity by week for the first 6 months of the year. MLS listings have been trending lower since the end of March. 

Despite low inventory, buyers were very active in the month of June. 

The number

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If you've been having a hard time finding your dream home, you may want to consider building your next house. There are plenty of builders in the Madison area who would love to work with you, and we can help you choose the one who's the right fit for your tastes and budget. We can also help you find and purchase the lot or land that your new dream home will be built on.

New Construction Homes in Madison WI

To learn more about the home-building process, please reach out to one of our real estate professionals. We'll help you understand how the process works and lay out a plan for building a beautiful home. 

If you'd like to learn more about locations with new construction properties in the Madison area, check out our blog for our list of emerging neighborhoods. Or, just reach out to

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Home building is a major source of real estate in the Madison area, as many buyers are opting for a new construction home in one of the area's emerging neighborhoods. The appeal is two-fold - buyers get to choose their own customizations and finishes, and it's easier to purchase a brand new home because there's much less competition in the new construction market.

If you've been challenged by our low inventory market, evaluate your options and check out the properties available in some of the area's newest subdivisions. Who knows, you might find just what you're looking for in a new construction home.

Thinking of buying or building a new construction home? Here's our overview of over 50 emerging neighborhoods in the greater Madison area. Contact us

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The home inspection is an important step in the process of buying and selling a home. It can also seem like a stressful event for buyers and sellers alike. Read below for tips from Al Gindt of BPG Inspections on having a smooth inspection. Al also shares how inspections have changed during the pandemic to keep both buyers and sellers safe.

What can buyers and sellers expect from an inspection?

A home inspection's first priority is to determine if there are any safety-related issues with a property. The second priority is to educate buyers on their new investment. “I try to emphasize to buyers that we’re not looking for specific issues as much as we're looking for what is going on in this home,” said Al. “Our goal with the inspection is to

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I'm Tracy Kapela and I'm the photographer and visual media specialist for the Mad City Dream Homes real estate team. Here are a few of my favorite listing photos that I've taken in 2020 so far.

Kitchens

The kitchen is often thought of as the "heart of the home", so I try to show as much of the space as possible so you can see yourself in there and get a feel for how the flow could work for you.

Living/Family Rooms

The entertaining area is also one of the most important spaces that buyers want to see, so I try to focus on showing windows, fireplaces or any other feature that is unique to each house.

Dining Rooms

Formal dining rooms can have special features like beamed ceilings,

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Why has Strictly Discs on Monroe Street stood the test of time? I believe it's because all of the employees share one thing in common -- and that is a genuine love of music. The people who work at Strictly Discs are doing what they love and loving what they do -- and it really shows in how they treat their customers.

Strictly Discs on Monroe St Madison WI

Do you have a question about a specific genre, album, or artist? Ask the experts at Strictly Discs and they will happily share what they know and offer up their opinions. If you're just getting started with an artist or a genre and want to go a little deeper, they will enthusiastically introduce you to a favorite album. And if they don't have that album in stock, they'll order it for you. 

Strictly Discs is a great place to shop for

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The Madison area condo market continues to be a great market for sellers as we head into the summer sales season. Here's our newest update on the Dane County condo market with all of the latest trends updated through the month of May. 

Madison area condo prices are at all-time highs.

The condo price per square foot jumped to $160 in May, which was up 4% from last year. 

Madison WI Condo Prices May 2020

Condos are selling quickly.

The average days on market in May was just 36 days, which was a record low for the Dane County condo market. 

New condo listings continue to enter the market at a slow pace.

Dane County condo listings decreased by 37% in April and 19% in May. 

A high percentage of the listings are under contract and closing soon. 

As of June

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As rental rates and home prices rise in Dane County, it’s becoming more difficult for some people to find safe, affordable housing options.

Several local organizations are trying to bring awareness to these issues and make a difference in the community, such as Habitat for Humanity of Dane County, Project Home, and the Dane County Housing Initiative, which you can learn more about on our blog.

Our newest team member Ann Raschein works with compassion, diligence, and professionalism to ensure that all families have the opportunity to become a homeowner. She volunteers her time on the board of both Habitat for Humanity and Dane County’s Home Buyers Round Table, a group of industry professionals that networks, listens to speakers, and coordinates and

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Even though there's so much turbulence in the world around us, many Madison area home sellers are experiencing a tremendous amount of success in this year's low inventory market. Here's our quick snapshot of the Dane County single family home market - updated through May, 2020.

Madison area home prices are at record highs.

The May price per square foot increased by 4% year-over-year and 5% year-to-date.

Madison WI Home Prices May 2020

Marketing times are near historic lows.

The average of 28 days on market was the second lowest on record for the month of May.

New MLS listings are entering the market at a slow pace. 

New listings were down 33% in May and were lower by 15% year-to-date.

Months of supply are low.

Inventory is low, and especially so for

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