We track a lot of stats each month to stay in touch with the latest real estate trends in Madison. If we were to choose the most meaningful statistic it would be the percent of listings with accepted offers. Knowing this number provides some great insight into the momentum and direction of the market.
Right now an amazing 51% of all Madison single family home listings have an accepted offer. This is a high percentage for any time of year, especially the month of February. It tells us the Spring market has already arrived in Madison.
This Year's Market is Hotter
Last year at this time only 35% of all Madison single family home listings had an accepted offer. This year more than half of all listings are under contract and scheduled to close…