It's only Valentines Day but the market is already heating up, especially for some of the more affordably-priced properties in the Dane County area. In the last week, one of our clients received 3 competing offers on their new listing, while another client received an amazing 13! Below we offer a quick look at the price points that are receiving the most interest from buyers in early 2020. 

The hottest homes in the Madison area

Right now the hottest homes in the Madison area are those priced under $300,000. As you can see from the data below, well over 50% of these more affordably-priced listings are under contract with an accepted offer. If you think of this another way, it's like browsing for properties on a website like Zillow and realizing

January was another solid month for the Madison area condo market. Here's our latest update based on data sourced from the South Central Wisconsin MLS.  

Dane County condo prices

The average price per square foot in January was the second-highest on record. With low interest rates, low inventory, and strong buyer demand - we fully expect Madison area condo prices to reach new highs in 2020. 

Dane County condo sales

Condo sales (or closings) dipped in January, but were still strong compared to most other years dating back to the year 2000. We expect low inventory levels to restrain condo sales throughout all of 2020. For more information, check out our inventory summary later in this post. 

Accepted offers

Despite low supply, the

January was another strong month for the Dane County single family home market. Here's our latest update from the South Central Wisconsin MLS:

Dane County single family home sales

January home sales reached the second highest total on record and were up 14% from the sales levels in January of 2019. 

Dane County home prices

The price per square foot reached a record high in January, setting the stage for more strong price growth in 2020. Prices were up 5% year-over-year in January. 

Dane County accepted offers

Accepted offers were down from each of the last 2 years, but were still strong compared to most other years dating back to the year 2000. 

New MLS listings

New listings continue to enter the market at a slow pace.

December was another solid month for Madison area real estate. Here's our latest summary of the single family and condo markets in Dane County. 

December home and condo sales

A record 464 single family homes sold in the month of December, an increase of 32% from the 352 homes sold in December of 2019. 

Condo sales were just below the sales levels from 2018 and 2017. 

December accepted offers

Single family home accepted offers were a tad lower compared to the prior December. 

Condo accepted offers were consistent with the levels from each of the last two Decembers. 

January months of supply

As of January 11th, only 1.4 months of single family home inventory are available for sale in Dane County. Supply is

The market is off to a fast start!

Even though it’s early in the year, our real estate team is very busy assisting our buying and selling clients. The market is definitely off to a faster start this year compared to 2019. In fact, we helped four of our clients receive accepted offers during the first week of January. One of those offers was accepted during the Rose Bowl!

If you know someone who’s planning to sell this year, please let them know right now is a great time to get started with their planning and preparation. Mortgage rates are low, inventory is low, buyers are buying, and the spring market is right around the corner. It’s shaping up to be another solid year for sellers in 2020. As always, all of us on the team are well-prepared to

November was another solid month for the Dane County real estate market, with single family home prices and accepted offers reaching a new high. Here's our short review of the latest real estate trends impacting buyers and sellers in the Madison area. 

Accepted offers

A total of 377 single family home listings received accepted offers in November, which was a new high for the month. A high number of accepted offers in November means home sales will be solid in December and January. 

Ninety-eight condos received accepted offers in November, which was the 6th highest total over the last 20 years. 

Sold listings

In November, 473 single family home listings sold to new owners. This was the second-highest total on record for the

The month of December has arrived, which means it's time for our annual real estate predictions. Below we've identified 8 key market trends for the coming year. For a look back at our 2019 predictions, check out this article which we published at the end of last year.

Our 2020 Madison real estate predictions

#1: Mortgage rates will remain well below 5 percent.

We're not economists and we're not experts in the mortgage market, but we do know 2020 is an election year. Because of this we expect mortgage rates will remain near historically low levels throughout all of 2020. 

#2: Inventory will remain low.

Dane County's growing population needs housing, but the pipeline of new listings and new construction homes isn't sufficient to meet the

Most of the real estate reports put out by the media focus on active listings (inventory) and sold listings (number of sales, median price, and days on market). Expired listings are another key part of the market that often get overlooked. You might be asking, so what is an expired listing, anyway? An expired listing represents a listing contract between a seller and real estate brokerage which does not result in a successful closing. In other words, a listing that runs its course and "expires" without selling. 

More about expired listings 

In a buyer's market, a large number of listings expire because there are more sellers than buyers. In a seller's market, a low number of listings expire, because there are more buyers than sellers. The 2

There are many reasons why Dane County property owners can feel good about their investment. Here are 5 big reasons why the greater Madison area is one of the best places in the country to own a home, condo, or investment property. 

5 reasons why Madison is a great place to own real estate

A strong local economy

The greater Madison area is blessed with many thriving businesses and one of the lowest unemployment rates in the country. Innovative companies like Epic Systems, Exact Sciences, and others are fueling growth by adding a variety of new, high-paying jobs to our economy. 

A high quality of life

The Madison area has a strong reputation throughout the country for being a great place to live and work. The University of Wisconsin, a

The Dane County real estate market is always changing, but one dynamic we can continue to count on is low inventory. Here are a few reasons why the supply of Madison area homes and condos will remain low for the foreseeable future. 

Why Madison area housing supply will remain low next year

1) A low supply of new construction homes and condos

Although it may seem like there are a ton of new construction homes and condos being built in Dane County, much of the new construction growth in the area has been for commercial space and apartments. New home construction has been running well below historical highs for the last 14 years (see graph below). New condo construction has been very scarce and insufficient to meet the demand in the