The Dane County real estate market set several new records in the month of October. Here's our short review of the numbers for both the single family home and condo markets. 

Price per square foot

Dane county home prices established a new high for the month of October. The price per square foot increased by 3% year-over-year and 3% year-to-date. 

Condo prices also reached a new record high in October. The condo price per square foot increased by 9% year-over-year and by 4% year-to-date. 

 

Accepted offers

Single family home accepted offers established a new high in the month of October, increasing by 3% year-over-year and decreasing by 1% year-to-date. We expect solid sales totals in November and December based on the number of

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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…