June 2021

Found 5 blog entries for June 2021.

Madisonians looking for relief from the hustle and bustle of city life don’t have to travel far to become immersed in nature at the University of Wisconsin-Madison Arboretum, spanning a whopping 1,200 acres from the southern shores of Lake Wingra to beyond the Beltline.  

This beautiful oasis, which occupies ancestral Ho-Chunk land, offers an unparalleled visitor experience for users of all ages. Whether you enjoy learning about restored ecosystems (the Arboretum manages the oldest restored prairie and offers family nature programs and children’s day camps), hiking the network of trails (more than 17 miles wind through restored prairies, savannas, woodlands, and wetlands), biking or running the 3-mile scenic paved drive, or watching the birds and

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The numbers are in, and Dane County condo prices continue to rise at the fastest pace we've ever seen. Here's our inside scoop on the Madison area condo market, covering the month of May, 2021. 

Price per square foot

The price per square foot jumped from $159 in May of 2020 to $190 in May of 2021. That's a 19% increase year-over-year and a 14% jump year-to-date. 

Madison WI condo prices May 2021

New condo listings

One of the reasons prices are rising is a scarcity of new supply. Only 186 Dane County condo listings entered the market in the month of May, which was the lowest level since May of 2010. 

Madison WI new MLS condo listings May 2021

Condo inventory and percent of listings with accepted offers

As of June 9th, only .6 months of condo supply were available for sale in Dane County. Overall, 70% of

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Congratulations to Dan Miller's friend, Lois, who recently celebrated her 100th birthday! Lois stays positive and active but she also credits her ability to stay in her home - her sanctuary - as key to her longevity and health.

living your real estate dreams

The real value of homeownership

Owning a home is about more than owning property. It’s about quality of life and quantity of life, too. 

Do you know someone who’s in search of their dream home? Our team is here to help you, your friends, and your family live out your dreams at every stage of life. Let’s have a conversation about your real estate dreams and goals. We'll help you explore all of the possibilities!

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The month of May was another very favorable month for Madison area home sellers. Here's our quick snapshot of the Dane County single family home market. 

New MLS listings

Only 713 new MLS listings entered the market in the month of May, which was one of the lower new listing totals going back to the year 2000. 

Madison WI New MLS listings May 2021 

Months of supply and percent of listings with accepted offers

As of June 7th, 58% of all listings were under contract with an accepted offer, which was lower than the 67% recorded last month. Right now there are .8 months of supply, which is up from .5 months in May. Single family home inventory is not quite as tight as it was during the peak spring market. 

Madison WI Percent of Listings with accepted offers June 2021 

Percent of listings receiving multiple offers

Our competing

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Madison area home prices are rising by double-digits in 2021, which has some first-time home buyers sitting out this year's market with the hope that prices will be falling significantly soon. We don't believe this is likely to happen. 

building equity with your home

Local trends favor more appreciation

Based on local supply and demand trends, we see prices rising. On the demand side, our population of home buyers keeps growing year-after-year, as Dane County consistently ranks as the fastest growing region in the state. Persistently low supply also points to higher prices: Dane County home building has been operating at subdued levels for the last 15 years, while new condo construction has been almost non-existent. 

Building a home has also become a much more expensive

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