This year we're getting a jump on our annual predictions for the Madison real estate market. Without further adieu, here our real estate predictions for 2018. (For a look back at last year's predictions, check out this post.)
#1: New home and condo construction will remain low.
New apartment buildings continue to pop up all over the city. Meanwhile, single family home housing starts have plateaued in 2017, while new condo construction remains almost non-existent. All signs point to more of the same in 2018.
#2: The foreclosure pipeline will be nearly empty.
Madison area foreclosures are at a 16 year low, which means distressed property listings will be relatively rare in the coming year.