The Madison real estate market has changed from the fever pitch that characterized the months of March, April, May and June. The graph below shows how the market is changing. Each bar represents a snapshot of the single family home market taken mid-month. Each number reflects the percent of all Madison single family home listings that had an accepted offer at the time of the snapshot.
What Does the Data Say about the Spring Market?
If you were searching for a home in March, April, May or June, over 50% of the listings you viewed online were already under contract and scheduled for closing. These were wild and crazy times. Many new listings sold in a matter of days or even hours - after receiving multiple competing offers. Some buyers put their
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