Buying Tips

Buying a Home in Madison & South Central Wisconsin: Real Estate Buying Tips

Found 239 blog entries about Buying Tips.

A good plumber can be hard to find, especially on short notice. Here are a few of our favorite, tried and true companies: 

  • RHD Plumbing: Shelley's go to. 608-292-3318
  • Chris Elke Plumbing: Always great feedback. 608-225-0275
  • Pertzborn Plumbing: Usually available for emergent situations. 608-256-3900
  • Stoppleworth Plumbing: Consistently reliable over the years. 608-831-6342 

Please don't hesitate to reach out to your Mad City Dream Homes realtor whenever you need a referral to a reputable, local business. We'd love to help you. 

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Home and condo supply continues to improve for Madison area buyers, as shown by the charts below. 

Single family home supply is up 42% from the same time last year. 

Madison WI Home Inventory July 23 2024 

While condo supply is up 92%. 

Madison WI Condo Supply July 23 2024

 

If you're in the market for a Dane County home or condo, we encourage you to stay positive and committed to your search. These next few months are a window of opportunity. Supply will continue to improve into the fall, as it typically does each year. We'll see more sellers become a little more flexible with their pricing, and more sellers become a little more willing to negotiate. 

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Condo inventory has been gradually improving in the Madison area, with several newer developments popping up across Dane County. Newer condominium developments include: 

  • Arboretum Village in Waunakee
  • Bellflower Pointe in Deforest 
  • Besa Monona in Monona
  • Calliope Cottages in Middleton
  • Happy Place Condominiums on Madison's East Side
  • Lacy Ridge Condominiums in Fitchburg
  • Lacy Woods in Fitchburg 
  • One Tree Condominiums in Edgerton 
  • The Ridge at Fox Hill in Deforest 
  • Riverstone Townhomes in Deforest 
  • Sienna Hills Condominiums in Mount Horeb 
  • Simply Homes Condominiums in Mazomanie 
  • West Village Condos in Belleville 
  • Wild Oak Condominiums in Stoughton 
  • Windflower Village in Mount Horeb 

Contact us for a helpful

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We welcomed Wendy Broadhead from Benjamin Moore to a recent team meeting. Wendy is an expert color consultant who helps our clients find interior and exterior paint colors that make their home "sing" (as Wendy puts it). She updated us on 2024 trends and insights: creamier, 'boho' neutrals are in; nothing beats having wallpaper professionally hung; and green is nature's neutral. Thank you for your time, Wendy. We had fun learning from you! 

Do you have a color decision that Wendy may be able to help with? We'd love to connect you. 

trending colors for 2024(photo by Step Inside Media with staging by Debbie Lea and Alan Feder) 

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Our clients are enjoying a tremendous amount of success this year, even in this low inventory market. Through the first six months of 2024 we've helped our clients through 76 closings and pending sales. 

Do you know someone who could use our help buying or selling in the coming year? We're always available for a helpful consultation, and never with any sales pressure or spin. Contact your Mad City Dream Homes realtor to make an introduction. 

We appreciate your continued trust in our team. 

Happy Mad City Dream Homes Clients

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Repairing, cleaning, and (when needed) replacing your carpet will improve your home's aesthetic appeal and maintain its market value. Here are a few carpet care contractors who have capably served our clients over the years. 

  • Terry Buechner, for re-stretching rolled-up and "wavy" carpet. Call Terry at 608-212-8705
  • Stephen Meyer at Phenomenal Carpet Care for all of your carpet cleaning needs. Call Stephen at 608-520-3085.   
  • CTW Flooring (608-222-5071), Floors for Less (608-442-1200), and Coyle Flooring (608-509-9437) for new carpet selection and installation. 

As always, we are here to help you make the right connections for any type of project around your home. Call your Mad City Dream Homes realtor whenever you need a little help.  

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We've been sharing how Dane County home and condo inventory is quietly rising and how buyers who stay the course will find more opportunities to purchase in the months ahead. However, in the big picture, inventory remains low. Here's a quick look at Dane County home and condo supply as of June 27th, 2024. 

Single family homes 

As of June 27th, a total of 580 Dane County homes (or 1.5 months of supply) are available for sale without an accepted offer. Months of supply are low in all price ranges, especially in the sub $400,000 price categories. 

Madison WI Home Inventory June 27 2024 

Condos

As of June 27th, 181 condos (or 1.6 months of supply) are available for sale without an accepted offer. Some newer condo developments are improving options for buyers, but inventory remains

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Be careful what you wish for. Your real estate dreams just might come true. Here are a few happy endings from the first half of 2024 that we'd like to share with you. 

Dreams coming true in 2024

Congratulations to Chris & Maddie, who are purchasing their first home as a newly married couple. Chris and Maddie are excited to be be building equity in their new home and to have plenty of space for their pup! 

To Harsh and Madison, who are elated to be starting their family in their new home, and to be living near loved ones. 

To Kasey and Matthew, who recently drove by a home in the country and fell in love with it from the road. Two days later this home hit the market! Kasey and Matthew will be moving into their dream home later this summer. 

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The frenzy of the spring home-buying market has come and gone and now we've entered into a market that is a little more relaxed, with a little more inventory, and with a little less competition. Have a look at this chart, which shows the typical, seasonal pattern for competing offers in Dane County. 

Multiple Offers by Month

The market is always in flux, and competing offers are moderating this summer, as they tend to moderate every summer. As a result we're seeing more buyer and seller negotiations that include the traditional appraisal and home inspection contingencies. 

What questions do you have about the summertime real estate market? We'd love to be a resource for you and answer all of your questions. You know how to reach us. 

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Home and condo availability is quietly improving, and is better right now than it has been each of the last two summers. What's more, we expect selection to continue to improve throughout the summer and into the fall season, as it does every year.

Check out our latest inventory snapshots of the Madison area real estate market, and please reach out whenever you have questions. We're here to help. 

Dane County single family home inventory 

Madison WI Home Inventory June 6 2024

Dane County condo inventory 

Madison WI Condo Inventory June 6 2024 

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