Late last year we published our predictions for the 2018 real estate market. So far 2018 is playing out largely as expected. Here's our quick overview of this year's predicted and actual trends.
Prediction: Madison condo prices will rise by at least 8 percent.
Actual: The average Madison condo price is up by 9 percent through the first 7 months of the year; the price per square foot is up by 7 percent.
Prediction: Madison home prices will rise by at least 5 percent.
Actual: Both the average price and the price per square foot are up by 4 percent through the first 7 months of the year.
Prediction: New home construction will remain low.
Actual: Housing starts remain low by historical standards. Building permits are up by only…