The video below provides a very quick update on the latest trends for single family homes in Madison, Wisconsin. This update covers the month of September. Here's a quick overview of our sellers' market. 

Madison Single Family Home Market Trends - 9/2015

• Madison home sales set a 10 year high in the month of September. 
• Accepted offers reached an all-time high. As a result we expect a high number of closings in both October and November. 
• Inventory is low, especially for homes priced under $350,000. 
• Expired listings are trending along historically low levels. 
• Days on market are also trending along historically low levels. 
• Home prices are on the rise. 

Dane County Real Estate in the News

This MLS real estate 

The market for single family homes in Verona certainly favors sellers over buyers. On the surface this doesn't appear to be the case when you look at the number of homes sold in July. After all, there were only 23 homes sold in July, compared to 37 in July of 2014 and 28 in July of 2013. What these numbers don't show is that the supply of MLS listings is historically low. Although the demand for Verona real estate is very strong, a dearth of inventory is putting a cap on sales and driving prices higher. 

The graph below shows how the July average Verona home price has been trending over time. Excluding the outlier month of July 2006 (when a few luxury sales drove the average price higher), July home prices reached an all-time high in 2015.