Home and condo sales are at recession levels, prices are not

Posted by Dan Miller, REALTOR on Thursday, September 7th, 2023 at 3:41am.

We recently posted about scarcity in the Madison area real estate market, and right now there is no better example of this than the number of homes and condos being sold. To put it plainly, home sales are at their lowest levels since the Great Recession. 

Aug 2023 Madison WI home sales

And the same goes for condos.

Aug 2023 Dane County condo sales

And yet, prices are off the charts.

The implications

In a complex market like ours, buyers and sellers will want to hire an agent they can count on when the stakes are high. And the realtor who hopes to thrive in this market will want to stand out as a trusted and caring professional.

That trust, in our opinion, will be earned through a daily dedication to craft. It won't be earned through social media and promotion. Customers will want more and need more than that. 

This article is published courtesy of:
Dan Miller, REALTOR
Mad City Dream Homes & RE/MAX Preferred
1619 Monroe Street #1, Madison, WI, 53711

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