Scarcity and real estate

Posted by Dan Miller, REALTOR on Thursday, August 31st, 2023 at 11:07am.

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 a year or two from now. 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. 

Please reach out to us whenever you're ready for an open and honest conversation. 

This article is published courtesy of:
Dan Miller, REALTOR
Mad City Dream Homes & RE/MAX Preferred
1619 Monroe Street #1, Madison, WI, 53711

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