December was another strong month for the Dane County single family home market. Here's our quick overview of the latest single family home trends and a sneak peek at what lies ahead in 2021.
Madison area home sales
Dane County home sales set a new record for December, increasing by 17% from December of 2019. Home sales set a new annual record in 2020 and grew by 7% from the year before.
Accepted offers decreased 4% year-over-year, but buyer activity was still strong compared to most other Decembers over the last 20 years.
Expired listings reached a new low for the month of December. Low inventories and strong buyer demand have created a market with very few expired listings.