It's a time of scarcity for Dane County real estate.
A scarcity of land to build on. A scarcity of materials and supplies to build new homes. And a scarcity of labor to do the work.
One thing that is not in short supply is the number of people moving to Dane County. Our population continues to grow, and the options for homeownership aren’t keeping pace. Given this, we expect home and condo inventory will remain low and prices will remain high for the foreseeable future.
So when will it be a good time to buy real estate? We believe the best time to buy is right now. Not next year. And not when interest rates fall. Hoping and waiting for a better time to buy when both rates and prices are lower is likely to end in disappointment. We've been doing our research, and this is our honest take.
This article is published courtesy of: Dan Miller, REALTOR Mad City Dream Homes & RE/MAX Preferred