Here's a quick mid-year review of the 2014 Madison area real estate market, courtesy of our sister site, DaneCountyMarket.com:

• Madison area home and condo inventory has been trending lower over the last several years. One reason is the sharp drop in foreclosures. 
• Home and condo sales are below the levels from last year, but remain historically strong. 
• Home building is trending above last year's pace, but remains well below the levels from the over-heated market in the mid 2000s. 
• With lower inventories and good demand, prices for homes and condos are trending higher. 
• Both homes and condos have also been selling more quickly. 

For more information, you can check out our free market reports on the DaneCountyMarket.com foreclosure…

"March Madness" has descended upon Madison, Wisconsin. That means plenty of hoops action at the Kohl Center. The boys state basketball tournament begins this Thursday at the Kohl Center, followed by the girls state tournament next week at the Resch Center in Green Bay. Bucky will also be playing his heart out, hopefully into the later rounds of the NCAA tournament.

The term "March Madness" also applies to our local real estate market. With more demand and less supply, many sellers are benefiting from a feeding frenzy for homes. As one client commented to me this weekend, "this market is crazy!". Her first 3 showings resulted in 3 offers (all of them above the list price), and we had her house sold in 4 days.

This is the kind of market we expect

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