Prices are rising again in Madison. All real estate is local, and in many Madison neighborhoods we're seeing houses selling for prices that weren't realistic two years ago. Our Madison "price per square foot report" puts our day-to-day observations to numbers.
Our latest look at the numbers shows the Madison price per finished square foot increased in the last quarter of 2012 after increasing in the second quarter as well.
For the entire 2012 year, the Madison price per finished square foot was down by only a dollar, or less than 1%.
The numbers show a movement toward price stabilization in 2012, and we fully expect Madison home values to rise in 2013. With increased demand, and less supply, the market has turned in a favorable…