Competing offers continue to moderate in the Madison area, which we view as a healthy development for our local real estate market. Here are the latest competing offer trends for Dane County homes and condos. 

Single family homes

Based on our preliminary numbers for the month of August, the percent of listings receiving multiple offers has decreased 3 straight months compared to the year before. Note competing offers are still occurring much more frequently this year compared to the pre-pandemic (2019) market. 

Condos

Condo competing offers have been trending lower throughout all of 2024, but just like homes, continue to trend well above pre-pandemic levels. 

The big picture

Improving supply is helping to decrease the number of

Our team believes that working by referral is a genuine and fruitful way to practice real estate. But what does working by referral mean?

- Letting your quality of service be your greatest marketing tool, instead of paid advertisements
- Focusing on building relationships instead of "finding clients"
- Having a spirit of generosity and incorporating discretionary effort into your daily work
- Removing the anxiety of real estate: when you do your job with skill, honesty, and kindness, you will always be led to the next person to help

If you'd like to learn more about how working by referral looks in day-to-day practice, Dan and Amanda would love to meet with you. 

We have exciting news to share! After nine great years at RE/MAX Preferred, Mad City Dream Homes is joining the team at Realty Executives Cooper Spransy.

What most attracts us to Realty Executives is the atmosphere of collaboration and sharing. We're looking forward to learning and growing alongside some amazing agents and amazing teams, and we hope to be positive contributors to the culture at Realty Executives, too. 

We'd like to thank Dan, Tim, Raegen, Pam and the entire RE/MAX team for their leadership and support over the years, and we wish all of our friends at RE/MAX the best! 

Madison area home and condo supply continues to improve as we head into the heart of the fall season. Here's our quick October update: 

Single family homes

As of October 5th, a total of 740 Dane County single family homes were available for sale (without an accepted offer) on the MLS. Home supply is up 25% from the same time last year. 

Condos

A total of 232 Dane County condominiums were available for sale on October 5th, up 86% from the same time last year. 

The big picture

Improving supply is creating more opportunities for buyers, as more sellers are learning that they need to adjust their pricing in order to attract the right offer. The bottom line? This fall is an excellent time to be shopping for real estate, for anyone

Planning to sell your home or condo in the coming year? Here are 4 actions you can take right now in order to prepare for a smooth and successful sale. 

1) Find out how much your home is worth. We'll perform a complimentary market analysis for you, so you know how much equity you have available for your next purchase. 

2) Schedule a cosmetics consultation with our team. We'll identify the simple and low-cost updates that will help you sell your home for a higher price and a better return on investment. 

3) Have your home pre-inspected. If your inspection does reveal any defects, you'll have the opportunity to address them now and avoid any unpleasant surprises down the road. 

4) Schedule your exterior and aerial photos while the fall colors