It's only February 15th, but the hot Spring real estate market has officially arrived to Madison, Wisconsin. Talk to any local REALTOR and they will tell you that the competition is fierce for a limited supply of properties. Our latest market data provides some great insight into the current inventory, sales, and price trends in Madison.
The Madison single family home market
Here's a quick overview of the Madison single family home market.
Single family home inventory
Single family home supply continues to trend toward new historic lows. Right now there are only .7 months of supply available for sale on the MLS - down from .9 months at the same time last year. Active MLS listings are down 25% from a year ago, and an amazing 52% of all…