Low inventory continues to be the big theme in early 2021

Posted by Dan Miller, REALTOR on Tuesday, March 2nd, 2021 at 10:18am.

Dane County home and condo listings continued to enter the market at a slow pace during the month of February, and a scarcity of listings is contributing to an unprecedented rise in prices (we'll be sharing more info on prices real soon). Here's the scoop on new MLS listings during the month of February. 

Single family home listings decreased 27% last month.

Only 440 new MLS listings entered the market last month, which was the lowest February total since at least the year 2000. 

Dane County New Single Family Home Listings Feb 2021

New condo listings were down 30% in February.

Only 112 new condo listings entered the market in February, which was the third lowest total on record for the month. 

Madison WI New Condo Listings Feb 2021

Our clients are accomplishing their dreams and goals in 2021. 

Even though inventory is at historically low levels, we have over 40 clients this year who have already closed on their home or will be closing on their home very soon.

What are your real estate dream and goals in 2021? Reach out to your favorite Mad City Dream Homes real estate agent and tell us what you'd like to accomplish. We have the expertise you need to realize your dreams in this year's low inventory market. 

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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