Mad City Dream Homes Real Estate Blog, Madison WI

We'd like to pass along that we continue to receive excellent feedback from our clients about Gorilla Movers, Above Average Moving, and A1 Movers. All three of these companies are easy to schedule and easy to work with -- and their crews take care of your precious cargo. 

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Madison area condo prices rose from $202 per square foot in February of 2023 to $235 in February of 2024. That's a 16 percent year-over-year increase. Note these numbers are based on a low number of sales in the month of February. We'll gain a clearer picture of price growth as we accumulate more data throughout the year. 

Dane County condo prices

Madison Condo Prices Feb 2024

New condo listings

A total of 153 Dane County condominiums were listed for sale in February, compared to 100 the year before. Listing activity remains light, but this is a step in the right direction. 

Active condominium listings

"Active" or "available" listings are those that don't have an accepted offer. Although Madison area condo inventory remains tight (with only one month of supply),

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We continue to see encouraging signs in the trends for new MLS listings: 

For the 4th straight month, Dane County single family home listings increased year-over-year. 

Madison WI New MLS Listings Feb 2024

While condo listings increased significantly in the month of February. 

It's true, the supply of new listings remains low by historical standards, and the market remains very competitive for buyers. But if these trends do keep up, buyers will find more opportunities to purchase in the months ahead. 

Stay tuned for our full reports on the February real estate market, which we'll be releasing real soon. For more recent market updates, check out our market blog. 

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Some people believe that you don't need to hire a professional in this market, that a house can basically sell itself. To a certain extent, this is true. You can place a sign in your yard, or you can sign up with a limited service broker, and your house can sell.  

But at what cost to you? Our feedback and research suggest that hiring a professional will bring more buyers to your sale, buyers who write cleaner offers and for higher prices. 

The good news for you is that it is a free market. You have a multitude of agents and models to choose from, and you get to choose the agent and the model that you feel are the best fit for you.

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Our review of the MLS home and condo database shows the average Dane County listing sold for .2 percent above the original list price in 2023, while our clients sold for 2.1 percent above the original list.

Mad City Dream Homes Sold to List Price  

Put another way, for the typical $450,000 listing, our sellers net more than $8,500 more toward their bottom line. This is more clear evidence that hiring a professional matters. How your agent prices, stages, markets and negotiates -- all of it matters. Contact us for more info. 

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One of the best ways we can be of service to you is to help you make good decisions. For example:

  • What repairs and updates should you address before selling your home? 

  • Should you enter the market right now or wait for the market to change? 

  • Which lender should you use to finance your purchase?

  • Should you write an offer on this property or keep searching for a better fit?  

Decisions like these often come with big consequences: Problems encountered versus problems avoided. Dollars spent versus dollars invested. And opportunities gained versus opportunities lost. For each decision you face, we're here to help you make the right call. 

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Our numbers from the South Central Wisconsin MLS database show 24% of all Dane County home and condo listings closed with cash offers in 2023, while our team's performance was 44%.

Mad City Dream Homes Cash Offers

It's more clear proof that the fundamentals -- the pricing, staging, marketing, and negotiation -- matter. Here's more info about our home-selling results. 

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Some people believe that it's nearly impossible to buy in this market. But we want you to know that you can achieve your homeownership goals when you have a good plan and the right team supporting you. 

Last year we helped 76 clients buy real estate across South Central Wisconsin, and we can help you and yours prepare for a successful purchase this year, too. When you embrace an action-oriented mindset and chip away at your goals each day, positive change can come your way sooner than you think. 

Call us to get started. We'd love to help. 

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We've run the numbers, and the answer might be a little surprising to you. Our data from the South Central Wisconsin MLS shows 39 percent of all Dane County home and condo listings received multiple offers in 2023. Within our team, 59 percent of all Mad City Dream Homes listings received competing offers. 

Time and time again, we continue to observe more competition leading to higher prices, cleaner offers, and a better return on investment for our clients. For more information, check out our 2023 home-selling results. 

Mad City Dream Homes Multiple Offers

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At Mad City Dream Homes we work with all kinds of clients, including people who have lived in their home for 30, 40 and sometimes even 50 years. For these clients, getting ready to sell can be an emotional and sometimes overwhelming experience. They have so many possessions and memories to sift through, and they need so much support.  

You may have someone in your life who needs special care as they get ready to sell. We want you to know we are well-prepared to serve them. We can flex our resources within our team to give them the support they need, including plenty of personal attention and hands-on help. 

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