How common are cash offers in Dane County?

Posted by Dan Miller, REALTOR on Monday, September 18th, 2023 at 4:30am.

Cash offers became much more prevalent during the pandemic, and that trend has continued in 2023. Note from the chart below that the percentage of home sales without financing contingencies is trending much higher this year than in pre-pandemic 2019.

Madison WI Cash Offers Aug 2023

A high percentage of cash offers is a clear sign of a competitive market. It's also an indicator of pent-up demand, where the number of buyers exceeds the number of homes for sale in Dane County. Stay tuned for more insight into this topic. We'll have much more to share real soon. 

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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