Madison condo prices are rising rapidly. As we recently reported in our latest market update, prices are up 13% through the month of October. That's a huge year-over-year increase - and one that's not sustainable. Although we don't expect prices to increase another 13% in 2018, a 10% increase is entirely possible. Below we've outlined 5 reasons why local condo prices will continue to escalate in 2018.
5 reasons why Madison condo prices will rise again in 2018
#1: Historically low supply
Right now the Madison condo market has only 1.5 months of supply. This is about as low as it gets in our market. Historically low inventory will push prices higher in 2018.
#2: An empty pipeline
Very few new construction condos are being built to…