Mad City Dream Homes Real Estate Blog, Madison WI

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. 

 Madison WI Single Family Home Sales Dec 2020

Accepted offers

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

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. 

 

Days on

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Now that we're on the other side of the holidays, we're seeing new listings enter the market at a much faster pace. And the pace will accelerate as we get closer and closer to Spring. As more and more new properties hit the market, we'll see more and more new buyers competing for these properties, too. 

Buying a Home in Madison WI in 2021

Buying your dream home in 2021

This year's real estate market will be very competitive. So, if you're serious about buying your dream home this year, please reach out to your favorite Mad City Dream Homes realtor for a short consultation. We'll discuss your goals for buying your dream home, your financing plans, and how we can work together to make your dream home happen in 2021. 

Last year we helped more people achieve their home ownership

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The world is a crazy place under the best of circumstances. And this past year has taken crazy and put it on steroids. Life can be fast-paced, stressful, unpredictable, and leave you feeling out of control. So how do we deal with this? How can we control stress in our lives? How do we cope with a pandemic? Our children have lots of questions. We have lots of questions. Sometimes there are no good answers. And eventually this can leave us quite stressed, which in turn can lead to sleepless nights, poor dietary habits, and even depression. 

So what is a person to do? How can we tackle these problems? Or at least how do we learn to cope with them? Here are a few things I’ve learned during my time as a certified health coach that can help improve your

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The new year is upon us, which means it's time for our 2021 real estate predictions. Below we've identified 7 key real estate trends for the coming year, many of which have been shaped by the tumultuous events of 2020. For a look back at last year's predictions, check out this article from our blog. 

2021 Dane County Real Estate Predictions

Our 2021 Madison real estate predictions

#1: Mortgage rates will remain historically low for the whole year. 

The Federal Reserve has indicated it's committed to doing what it can to keep mortgage rates low for the foreseeable future. If this holds true, this means rates for a 30-year mortgage should be around 3 percent for all of 2021. 

#2: Home and condo sales will be at or above the levels from 2020. 

Low mortgage rates will fuel a

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Ann Raschein Realtor Mad City Dream HomesAs we approach the end of 2020, we'd like to say thank you to Ann Raschein for her dedication to affordable housing initiatives here in Dane County. As an affordable housing advocate, Ann volunteers her time and energy as a member of the board for both the Home Buyers Round Table and Habitat for Humanity of Dane County. Ann has also helped 5 families receiving down payment assistance achieve the dream of homeownership in 2020.

Ann's commitment to affordable housing is just one of many ways that she serves her community. If you've worked with Ann on the purchase or sale of your home, you've come to know her as someone who truly goes the extra mile to help you achieve your real estate goals. As a leader on our team, we've come to know her as someone who

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Tammy,

It’s hard to believe you have been working with us for the last 7 years! The time has gone by so fast, and now you’re off to your next stage of life in Minnesota. We will all miss your positivity, energy, and enthusiasm that you brought to our team and to our clients. You have made our lives a little easier and a little brighter. Thank you for 7 great years! We wish you all the best in Minnesota!

Your friends at Mad City Dream Homes

Tammy Steiner's exuberant personality and strong work ethic are evident in the reviews she's received from clients through the years, too. Here are just a few examples. 

  • “Tammy was such a pleasure to work with. She was able to see our vision and embraced it, offering her own vision and ideas as we
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The Madison area condo market continues to be very active as we approach the new year. Here's our latest report on the Dane County condo market, covering the month of November, 2020. 

Dane County condo sales

Madison area condo sales jumped 14% in November and set a new record for the month. Even though we're in the midst of the holidays, many buyers are motivated to make a purchase before the end of the year. 

Madison WI Condo Sales November 2020

Accepted offers

Accepted offers increased 21% in November and established a new record for the month, too. We're expecting a high number of closings in December and January based on the large number of buyers writing offers in November.  

 

Madison area condo prices

Dane County condo prices reached a new high for the month

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November was another record-setting month for the Madison area single family home market. Here's our latest Dane County home report covering the month of November, 2020.

Dane County home sales

Madison area home sales set a new record for the month, increasing by 13% year-over-year and 6% year-to-date.  

 Madison WI Home Sales Nov 2020 

Accepted offers

Accepted offers also set a new record for the month, increasing by 9% year-over-year. A high number of accepted offers in November will lead to strong sales totals in December and January. 

Months of supply and percent of listings under contract

Right now there are only .8 months of single family home supply available for sale on the MLS, while over 49% of all listings are under contract (a very high percentage

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When we put out a call in our last newsletter and blog for recommendations of another local nonprofit to spotlight, we were pleased that the word traveled quickly in our networks and beyond. Several people connected us with the incredible work of JustDane, whose mission is to help transform individual lives and social systems to create a just and equitable community. 

The name “JustDane” was at first unfamiliar to me, and I soon learned why. The nearly 50-year-old faith-rooted nonprofit, originally named Madison-area Urban Ministry (MUM), recently emerged from a rebranding effort this summer. A phoenix with a north star has been selected as JustDane’s new logo to better reflect its inspiring and hopeful vision of a community where everyone can succeed,

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Winter is just around the corner, and although it may be more challenging this year due to the pandemic, there are ways to make it easier and more fun. Just because your usual winter activities may be less feasible this year doesn’t mean you can’t still enjoy the season. Here are 5 ways to prepare for a happier and healthier winter that keep you safe.

  1. Get outside for winter fun. Fresh air and sunlight go a long way to improving mood, so don’t forget about all of the fun outdoor winter activities that are available this time of year! Try ice skating, cross country skiing, or taking winter hikes. Dane County Park’s winter recreation guide is a great resource for finding fun ways to be active outside. You can also visit the City of Madison Parks

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