Many of you have a lot more interest in the real estate market than you did just a month ago, so we'll be sharing much more info on how the market is evolving in the weeks and months ahead. We've just published our latest Madison condo report here, but here's a shorter version of where the condo market is right now - and where we see it going.

Here's a quick summary of the March condominium market:

• Madison condo sales were up 12% from March of 2019. 
• The condo price per square foot increased by 10% in March and 8% year-to-date. 
• The number of expired listings and the average days on market were very low in March. 
• New condo listings decreased to the lowest level since 2003. 
• Accepted offers also decreased. This was due primarily

We know a lot of you have questions about how the Madison area real estate market is evolving, so we'll be sharing a lot of good information with you in the weeks and months ahead. This begins with our Madison single family home report, which will be updated regularly and is linked here. Below is our short summary of the latest trends and our perspective on how the market is changing. 

Here's a quick summary of the March single family home market:

• Madison home sales increased by 19% from March of 2019. 
• Accepted offers increased by 22%. 
• The number of expired listings and the average days on market remained near historically low levels. 
• The number of new MLS listings entering the market was the lowest total in the last 18 years.

We understand these are anxious times for many people, so we'll be doing our best to keep you updated on how the Madison area real estate market is evolving over time. Below we provide a brief look at what we see happening right now, as well as what we expect to happen in the future. 

What is our experience with the market right now? 

Right now we're actively assisting many people who are motivated to buy. We're also listing new properties and our listings are receiving strong traffic. We have noticed some relocating buyers are canceling their plans to fly into Madison and tour properties. We're also beginning to see changes in the way real estate is practiced (more on this below). Up to this point, this has been a pretty typical March for our

We've all seen stories in the media and social media about how hot the real estate market is in Madison. But when is the market the hottest, and when are bidding wars most common? Here's a quick look at the numbers which offer some good insight into our local market. 

Bidding wars are most common in March, April, May and June. 

Take a look at these numbers from 2019, which show the percent of listings that had competing offers for each month of the year. These numbers are consistent with our own experience: The spring months are the busiest months of the year, and these are the months when multiple offers and bidding wars are most common.

Bidding wars are also very common for properties priced under $300,000. 

Competing offers are also

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. For example, in the last week, one of our clients received 3 competing offers on their new listing, while another client received an amazing 13! Here's 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

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