For the last 18 years, Dane County home building has been occurring at a subdued pace compared to the peak construction years in the early 2000's. This is one of ten reasons why we expect inventory to be low and prices to be high in 2024. For more info, check out this recent post. 

Thank you to Dominic Collar, who's been generously sharing his housing start data with us for the last 15 years. With Dominic's help, we've been able to stay on top of the new construction market and share our insights with you. We appreciate your generosity, Dominic! 

For many of us the holiday season is a time for reflection and resolutions. It's also the season when we start making our homeownership plans for the coming year.

What are your real estate goals for 2024?

Do any of these goals speak to you? 

#1) You have some home improvement projects in mind and you need recommendations for reputable contractors. You'd also like some insight into which home improvement projects offer the best return on investment.

#2) You've been dreaming of a new home and you need some guidance on how to make it happen. Inventory is tight right now, and you need help finding the home that's the right fit for your lifestyle and your stage of life.

#3) You'd like to meet with an expert about your home's current market

A little bird told us that prices will continue to rise in 2024, and here are the 10 reasons it gave us.

Why Dane County real estate prices will continue to rise

#1) Dane County’s rapidly-growing population 

#2) Our region’s continued economic growth

#3) Madison’s national reputation 

#4) Climate migration to the Madison area

#5) Significant pent-up demand from motivated buyers 

#6) Fewer people choosing to sell 

#7) A limited supply of new construction homes 

#8) A low supply of new construction condos

#9) Historically low levels of foreclosures  

#10) Rising costs for new construction  

Contact one of our full-time professionals for more insight into the 2024 market. We’re here to be a resource for you and help

Foreclosures were once a significant source of housing inventory in the Madison area, but those days are long gone. A lack of distressed property sales is just one of several key reasons why we anticipate low home and condo supply (and rising prices) for the foreseeable future. Stay tuned for much more info on this topic, coming to our blog real soon. 

Dane County home and condo listings edged a little higher in November, but in the big picture listing activity was still much lower than we'd like to see it. 

Here's how single family home listings trended in November:

Here's how condo listings trended:

Will more home and condo owners choose to sell in 2024? Stay tuned. We'll have plenty of timely updates to share with you in the months ahead.