Madison Real Estate Market Mid-Year Review

Posted by Dan Miller, REALTOR on Monday, July 21st, 2014 at 11:53am.

Here's a quick mid-year review of the 2014 Madison area real estate market, courtesy of our sister site, DaneCountyMarket.com:

  • Madison area home and condo inventory has been trending lower over the last several years. One reason is the sharp drop in foreclosures
  • Home and condo sales are below the levels from last year, but remain historically strong. 
  • Home building is trending above last year's pace, but remains well below the levels from the over-heated market in the mid 2000s. 
  • With lower inventories and good demand, prices for homes and condos are trending higher. 
  • Both homes and condos have also been selling more quickly. 
For more information, you can check out our free market reports on the DaneCountyMarket.com foreclosure and real estate trend pages. 
This article is published courtesy of:
Dan Miller, REALTOR
Mad City Dream Homes & RE/MAX Preferred
610 Junction Road #205, Madison, WI, 53717

Leave a Comment

Format example: you@domain.com
Format example: yourwebsitename.com

Sign up for email updates