We're getting asked this question a lot these days, and here's our take: Although there are no guarantees about the state of the market in 2021, we do know the Madison area real estate market is very favorable for sellers right now. Here's what we're seeing in the market as we approach the month of October.
The fall real estate market in Madison, WI
For starters, mortgage rates are historically low, and buyers are buying. Dane County home buyers are writing offers at a much faster pace right now than they were during the same time period in 2019.
Dane County home prices are trending favorably for sellers, too. Many properties are receiving multiple offers right now and selling for well above the list. Home prices are on pace to set…