Downtown Madison condos are on the rebound. Prices in Madison's Downtown dropped by 20% from 2006 to 2011. In 2012, Madison buyers responded to lower prices and returned to the downtown condo market in a big way. As you'll see from the graph at the bottom of this post, the price per square foot actually increased in 2012, as the market settled into a much better balance between supply and demand.
This is welcome news for buyers and sellers alike. Sellers have been waiting for a bottom to the condo market, while buyers have been seeking some reassurance that their investment will hold its value over time. Please feel free to contact us with any questions you may have about condos in Downtown Madison, Wisconsin. We can help you better understand the inventory, demand, and price trends for condos downtown.
Thinking of buying or selling in Downtown Madison, WI? Contact our condo specialists for a free consultation.
This article is published courtesy of: Dan Miller, REALTOR Mad City Dream Homes & RE/MAX Preferred