We recently wrote how the city of Madison has become a perpetual seller's market. Our latest single family home and condo reports show the month of May was no exception. Here's a short summary of the latest market trends in Madison.
Home and condo inventory
The Madison single family home market has had less than 2 months of supply since December of 2015. Right now there are only 1.2 months of inventory in the city, which is down from 1.4 months from the same time last year.
Supply is also very low in the local condo market. Right now there are only 1.3 months of inventory available for sale in the Madison condo market, which is down from 1.5 months in June of 2017.
New MLS listings
New MLS listings are in short supply in 2018 -…