Local home prices jumped higher once in again in the month of June. Here's our latest Dane County single family home report, updated for the month of June, 2023. 

Dane County home prices

The price per square foot was $230, which was an increase of 5 percent from last June's price of $218. The median price increased 3 percent in June. The average price increased 6 percent.

Through the first 6 months of the year, the price per square foot, the median price and the average price were up 5 percent, 5 percent, and 8 percent respectively. 

New MLS listings

A total of 507 Dane County homes were listed for sale in the month of June, which was a 31 percent decrease compared to the 731 homes listed for sale in June of 2022. Compared to June of

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One of the interesting aspects of our market is that prices continue to rise in 2023 even though buyer activity is down significantly from each of the previous two years. As the chart below shows, showings are down by 23% compared to the first 6 months of 2022, and down by 32% compared to first half of 2021. 

Another trend the chart makes clear is that there is usually a seasonal aspect to buyer activity. Typically, showings peak in the springtime and then subside in the summertime and throughout the remainder of the year. 

Buyers and sellers should be aware of these changes as we enter the summer season. Showings will decrease in July and August, for sure. Bidding wars will be less common. And we'll see fewer buyers writing offers that waive