We'll release our October real estate reports real soon. In the meantime, here's our early read on new listings in the Madison area.
Single family homes
Listings continued to enter the market at a slow pace. Only 382 Dane County single family home listings were posted to the MLS in October, which was the lowest for any month of October on record.
Listing activity in the condo market was also light. Only 87 condos were listed for sale in October, which was the lowest for any month of October in the last 21 years.
With listings continuing to enter the market at a slow pace, we expect prices to remain elevated for the foreseeable future. Stay tuned for our more comprehensive market reports -- including price, sales, and days on market trends -- which we'll be releasing within the next two weeks.
This article is published courtesy of: Dan Miller, REALTOR Mad City Dream Homes & RE/MAX Preferred