The new year is upon us, which means it's time for our 2021 real estate predictions. Below we've identified 7 key real estate trends for the coming year, many of which have been shaped by the tumultuous events of 2020. For a look back at last year's predictions, check out this article from our blog. 

Our 2021 Madison real estate predictions

#1: Mortgage rates will remain historically low for the whole year. 

The Federal Reserve has indicated it's committed to doing what it can to keep mortgage rates low for the foreseeable future. If this holds true, this means rates for a 30-year mortgage should be around 3 percent for all of 2021. 

#2: Home and condo sales will be at or above the levels from 2020. 

Low mortgage rates will fuel a

As we approach the end of 2020, we'd like to say thank you to Ann Raschein for her dedication to affordable housing initiatives here in Dane County. As an affordable housing advocate, Ann volunteers her time and energy as a member of the board for both the Home Buyers Round Table and Habitat for Humanity of Dane County. Ann has also helped 5 families receiving down payment assistance achieve the dream of homeownership in 2020.

Ann's commitment to affordable housing is just one of many ways that she serves her community. If you've worked with Ann on the purchase or sale of your home, you've come to know her as someone who truly goes the extra mile to help you achieve your real estate goals. As a leader on our team, we've come to know her as someone who

Tammy,

It’s hard to believe you have been working with us for the last 7 years! The time has gone by so fast, and now you’re off to your next stage of life in Minnesota. We will all miss your positivity, energy, and enthusiasm that you brought to our team and to our clients. You have made our lives a little easier and a little brighter. Thank you for 7 great years! We wish you all the best in Minnesota!

Your friends at Mad City Dream Homes

Tammy Steiner's exuberant personality and strong work ethic are evident in the reviews she's received from clients through the years, too. Here are just a few examples. 

• “Tammy was such a pleasure to work with. She was able to see our vision and embraced it, offering her own vision and ideas as we

The Madison area condo market continues to be very active as we approach the new year. Here's our latest report on the Dane County condo market, covering the month of November, 2020. 

Dane County condo sales

Madison area condo sales jumped 14% in November and set a new record for the month. Even though we're in the midst of the holidays, many buyers are motivated to make a purchase before the end of the year. 

Accepted offers

Accepted offers increased 21% in November and established a new record for the month, too. We're expecting a high number of closings in December and January based on the large number of buyers writing offers in November.  

Madison area condo prices

Dane County condo prices reached a new high for the month

November was another record-setting month for the Madison area single family home market. Here's our latest Dane County home report covering the month of November, 2020.

Dane County home sales

Madison area home sales set a new record for the month, increasing by 13% year-over-year and 6% year-to-date.  

Accepted offers

Accepted offers also set a new record for the month, increasing by 9% year-over-year. A high number of accepted offers in November will lead to strong sales totals in December and January. 

Months of supply and percent of listings under contract

Right now there are only .8 months of single family home supply available for sale on the MLS, while over 49% of all listings are under contract (a very high percentage

** This article was originally written by Samantha Haas while a member of our team. You can learn more about Samantha and her work here. 

When we put out a call in our last newsletter and blog for recommendations of another local nonprofit to spotlight, we were pleased that the word traveled quickly in our networks and beyond. Several people connected us with the incredible work of JustDane, whose mission is to help transform individual lives and social systems to create a just and equitable community. 

The name “JustDane” was at first unfamiliar to me, and I soon learned why. The nearly 50-year-old faith-rooted nonprofit, originally named Madison-area Urban Ministry (MUM), recently emerged from a rebranding effort this summer. A phoenix with a

Winter is just around the corner, and although it may be more challenging this year due to the pandemic, there are ways to make it easier and more fun. Just because your usual winter activities may be less feasible this year doesn’t mean you can’t still enjoy the season. Here are 5 ways to prepare for a happier and healthier winter that keep you safe.

1. Get outside for winter fun. Fresh air and sunlight go a long way to improving mood, so don’t forget about all of the fun outdoor winter activities that are available this time of year! Try ice skating, cross country skiing, or taking winter hikes. Dane County Park’s winter recreation guide is a great resource for finding fun ways to be active outside. You can also visit the City of Madison Parks