Wondering what's going on with the Madison area real estate market? Check out our brief snapshot below, which shows the latest trends for both homes and condos.
Buyer activity was below expectations during the first quarter of the year, but picked up significantly in April and May. Dane County single family home accepted offers increased by 1% in May, and were lower by 8% year-to-date.
Condo accepted offers were lower by 5% in the month of May and by 10% year-to-date.
Single family home sales (closings) increased by 8% in May and were lower by 3% year-to-date.
Condo sales were up 4% for the month and down 5% year-to-date.
Expired listings are increasing in 2019, as we…