The summertime is usually a time of transition for the Madison area real estate market, and this summer is no exception. Here's a quick look at a few key trends that provide some good perspective on what's going on in the market right now.
Showing activity is trending lower this summer, and is well below the levels from the previous 3 summers.
Take a look at our data through the month of July. Showings last month were down 14% from July of 2021, 26% from July of 2020, and 7% from July of 2019. Property showings will continue to trend lower throughout the summer and the fall, as they typically do during the second half of the year.
Accepted offers are trending lower this summer, too.
Signed contracts for single family homes decreased by 10%
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