Almost 10 years ago the real estate market began its infamous decline. Buyers stopped buying, and Downtown Madison suffered from a glut of vacant, unsold condos. More than 2 years of inventory sat on the market, and condo prices plunged. Over time, market conditions improved along with the overall economy. Consumers started buying again when prices became more attractive. Downtown inventory eroded until eventually all of the new construction condos sold out. 

Condo Values are Rising Again in Downtown Madison

Our market data shows Downtown Madison condo prices bottomed out in 2013. In 2013, the average price per square foot was $223. In 2015, the price per square foot jumped to $267. That's an increase of 19.7% in only two years. We expect the price