Madison area market snapshot for March, 2021

Posted by Dan Miller, REALTOR on Thursday, April 8th, 2021 at 10:03am.

Home and condo prices surged once again in the month of March. Here's our quick snapshot of the latest real estate trends in Dane County. 

Single family homes

  • As of April 6th, 65% of all Dane County single family home listings are under contract with an accepted offer and only .5 months of supply are available for sale. Both of these numbers are off the charts for our market. 
  • New listings decreased 15% in March from the previous March. 
  • Accepted offers decreased by 4%. 
  • Home prices increased by 9% year-over-year. 

Madison Single Family Home Snapshot - March 2021

Condos

  • As of April 6th, 69% of all Madison area condo listings are under contract with an accepted offer and only .6 months of supply are available for sale. 
  • New listings in March were even with the new listing total in March of 2020. 
  • Accepted offers increased by 13%. 
  • Condo prices increased by 9% year-over-year. 

Madison WI Condo Market Snapshot March 2021

Do you have questions about buying or selling in this year's unique market? 

This year's market is moving much more quickly than most people think. Please reach out to your favorite Mad City Dream Homes realtor with any questions you may have. Whether you plan to buy, sell, or both, we can help you successfully navigate all of this year's chaos and accomplish all of your real estate dreams and goals.

This article is published courtesy of:
Dan Miller, REALTOR
Mad City Dream Homes & RE/MAX Preferred
610 Junction Road #205, Madison, WI, 53717

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