Inventory is tight for single family homes, and it's tight for condos, too. Here's our latest scoop on the Madison area condo scene covering the first 6 weeks of the year.
Percent of listings with accepted offers and months of supply
Right now 58% of all Dane County condo listings are under contract with an accepted offer, which is a very high number for mid-February. Competition is especially high for condos priced under $350,000. Overall there are only .7 months of condo supply in Dane County. This is the lowest inventory level that our team has ever reported for our market.
New MLS condo listings
Only 130 new listings entered the Dane County condo market in January. This was the third lowest total on record for the month.