It's safe to say that no one expected competing offers to increase when interest rates more than doubled, but that's exactly what's happening in our spring market. According to our preliminary data for the month of March, competing offers for single family homes are at an all-time high here in Dane County.
While the competition for condominiums is at an all-time high, too.
Why is the real estate market so competitive in the Madison area?
This short article shares 9 reasons why competition remains strong and why we expect prices to continue to rise for the foreseeable future.
Stay tuned for our upcoming home and condo market updates, which will offer a lot more insight into our spring market. In the meantime, you can always reach out to us with all of your real estate questions. We'd love to be a resource for you whenever you need a little guidance and a little help.
This article is published courtesy of:
Dan Miller, REALTOR
Mad City Dream Homes & RE/MAX Preferred
1619 Monroe Street #1, Madison, WI, 53711
