Wondering what's going on in the Dane County condo market? Here's our latest scoop on the Madison area condo market, updated through the month of July, 2022.

Active Dane County condominium listings

As of August 11th, 141 Dane County condo listings were available for sale (without an accepted offer) on the South Central Wisconsin MLS. After almost doubling over the last few months, active listings have actually started to level off and even recede in recent weeks. Why is this happening? Condominium listings continue to enter the market at a slow pace (see the next section below).

New Dane County condo listings

Only 165 new condominium listings entered the market in the month of July, which was a 17% decrease from July of 2021. Listings

Here's our latest scoop on the Dane County single family home market, updated through the month of July, 2022.

Available single family home listings

As of August 11th, 573 single family home listings were available for sale in Dane County. Although active listings have increased dramatically since the spring of 2022, the rate of growth has leveled off in recent weeks. A low supply of incoming listings has contributed to the leveling off of available inventory (see below).

New single family home listings

Only 566 new single family home listings entered the Dane County real estate market in July. This represented a 25% decrease from July of 2021, and the lowest total for any month of July since the year 2000. Why are listings entering the

Now that we’re entering a more rational real estate market, a lot of sellers are realizing that they can’t just wish for a price and have that price come true. They’re learning that there is both an art and a science to pricing, and that their home will sit on the market if they and their realtor don’t invest the time and thought required to select the right price. 

Our advice to you

So, if you're planning to sell your home soon, our advice to you is don’t leave your pricing up to chance. Ask your listing agent to perform a comprehensive market analysis for you, and ask you agent to explain their reasons for their pricing recommendation. In other words, ask your realtor to show their work. 

We also encourage you to formulate your own price

For the second straight year, Livability has named the city of Madison as the #1 place to live in America. No doubt, Madison's reputation for being a great place to live, work and recreate is spreading far and wide. 

Which lead us to 4 important questions

#1: In this age of worker mobility, how many people from across the country are viewing the Livability rankings right now and considering a move to Madison?

#2: How many retirees, who could choose to live anywhere, are putting Dane County at the top of their list?

#3: And how many out-of-state investors, who are flush with cash, are wondering how they, too, can get in on the action?

#4: And last, when it comes to climate change, how many people from the west and southwestern parts of

A few months ago, we predicted the supply of Madison area property listings would be low this year, and so far in 2022 the market has proven our prediction to be true. 

Take Dane County homes, for example:

Through the first 7 months of the year, single family home listings have been entering the market at the slowest pace since the year 2000.

And Dane County condos:

Condominium listings have been entering the market at the slowest pace since 2002.

The thing is, real estate is likely to be a scarce resource for a long time.

And it all comes down to simple supply and demand.

Supply will remain low because home and condo construction is subdued, foreclosures are relatively rare, and homeowners with low mortgage rates are

Dane County home and condo prices continued to post big increases in the month of July. Here's our latest snapshot.

Home prices were up by 12 percent.

The price per square foot increased from $189 in July of 2021 to $213 in July of 2022.

Condo prices were up by 17 percent.

The price per square foot increased from $180 in July of 2021 to $211 in July of 2022.

Where will prices go from here?

Keep in mind the July numbers are the result of offers that were written in the months of May and June, back when there was less inventory and more demand. Now that inventory is rising, we do expect the growth in prices to moderate, but we don't expect prices to fall. That's because supply is still very low by historical standards, and low

Chances are you've heard from at least one friend or loved one about their frustration with trying to buy a home in our low-supply market. But sometimes, all it takes is some fresh perspective and a new approach in order to make that dream home happen. 

At Mad City Dream Homes, we're helping over 100 clients find and buy their dream home in 2022, and we'd love to help your friends and family, too. Hard work, skill, and teamwork are proving to be exactly what our clients need in this year's market. 

So please let us know if there's someone in your life who we can help. We're always up for talking real estate and sharing our ideas and advice, and it would be our honor to serve your friends and family in their time of need.  

Thank you and

Why do so many people choose to buy a home in the Madison area? Below we share some of the big themes that we keep hearing from our clients year-after-year. Some of these reasons are due to the attractions and reputation of our region, while others are more personal and matters of the heart. 

Top 10 reasons for buying a home in Madison

#1) Quality of life 

The city of Madison has established a national reputation for being a great place to live, and for a host of reasons. Our lakes, parks, bike trails, festivals, restaurants, entertainment venues, the arts, and the many educational opportunities that are available through the University -- all of these are big draws to the Madison area.

#2) Alignment of values

Our local culture is known

How can we live our lives in a manner that is productive, meaningful, and fulfilling? One way is to view ourselves and others as being a contribution. A contribution to our friends, family and neighbors. A contribution to our community. And a contribution in our professional lives, too. 

Being a contribution is one of 12 transformational practices emphasized in the book, The Art of Possibility, by Rosamond Stone Zander and Benjamin Zander, two gifted storytellers with an inspiring outlook on life. According to the authors, playing the "contribution game" has "remarkable powers for transforming conflicts into rewarding experiences".

In order to play the game effectively, Roz and Ben encourage us to declare ourselves as being a contribution, and to

As the Madison area real estate market continues to evolve this summer, we'll be publishing some new predictions for the rest of 2022. Our first prediction is the return of the unique, hyperlocal market.

Here's a little context.

For the last two years, when mortgage rates were historically low and demand was historically high, inventory was depleted to rock-bottom lows throughout all of Dane County. For awhile, no matter where you lived, it seemed you could sell your home in a matter of days or hours and for an incredible price. There wasn't much differentiation between local markets. Every location, every price point, and every type of property was hot.

But now, as demand is mellowing and inventory is increasing, we are once again beginning