We just put the finishing touches on our latest single family home and condo reports, and as expected, rising prices and low inventory continue to be the two major themes in this year's real estate market. But how long can this sellers market in Madison last? We expect the market to favor sellers for a long time, and we explain why below.
Why Madison is a long-term sellers market
The short and simple answer is the Madison area has many more people wanting to buy than owners willing to sell. We know this from our day-to-day work in the field, and our review of local market data confirms this is much more than a hunch. Here are 3 reasons why we know the city of Madison has many more buyers than sellers.