Madison home prices will rise again in 2017 because inventory remains low and there is a large pent up demand for real estate. Despite modestly higher interest rates, expect a Spring market full of bidding wars and listings that sell in a matter of days or even hours.
If you're a serious buyer, begin your search in December or January rather than delay until the Summer or Spring. The competition for housing will become very fierce very soon.
If you're a committed seller, know that in today's market you don't need to list in the Summer or Spring in order to have a successful sale. You can list in early 2017 and achieve positive results. The data below demonstrates why the market favors you.
Signs of a Seller's Market
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The Mad City Dream Homes mobile search app is the best app around for searching Madison area listings on the go. We've put a lot of thought into the design, which includes some great features you won't find anywhere else. Download our free app using the links below, and read on for a list of handy features.
It goes against convention, but the month of December is an excellent time to buy a home. Why? There are far fewer buyers to compete with in the wintertime, and sellers tend to be more motivated during the holiday season. This means the deals are better in December and January. If you're looking to get a fair deal on a nice home or condo, the winter season is an excellent time to buy. Of course every situation is different. Feel free to contact us to discuss your individual situation.