Here's an example that demonstrates how competitive the Madison area real estate market has become for home and condo buyers...We recently listed a home for sale in a neighborhood with less than a month of supply. Seventy-five percent of the listings in this neighborhood were under contract and scheduled to close soon. This home was also positioned in a very popular price point. Everything we knew about this listing suggested the response to this home would be very strong.
As it turned out this property had 30 private showings in 4 days as well as another 30 parties who attended the Sunday open house. By the end of the fourth day six offers were on the table.
Every offer was strong
- Six of six offers were for above the full list price. The