June was another profitable month for Madison area condo sellers. Here's our latest update on the Dane County condo market.
Dane County condo prices
The price per square foot set a new record in June, increasing by 21% year-over-year and by 16% year-to-date.
Dane County condo sales
Although prices were high, sales were limited by low inventory.
New contracts were also limited by low supply.
Condo months of supply
Only .7 months of supply were available for sale as of July 16th. The under $300,000 market is especially competitive in Dane County.
New MLS listings
New listings continued to enter the market at a subdued pace in June.
Days on market
The average days on market…