The video below provides a very quick update on the latest trends for single family homes in Madison, Wisconsin. This update covers the month of September. Here's a quick overview of our sellers' market.
Madison Single Family Home Market Trends - 9/2015
Madison home sales set a 10 year high in the month of September.
Accepted offers reached an all-time high. As a result we expect a high number of closings in both October and November.
Inventory is low, especially for homes priced under $350,000.
Expired listings are trending along historically low levels.
Days on market are also trending along historically low levels.
Home prices are on the rise.
Dane County Real Estate in the News
This MLS real estate report by Bob VanEnkenvoort of the Wisconsin State Journal shows the larger Dane County real estate market experienced a slight decline in home sales in the month of September. The reason cited by the Wisconsin REALTORS Association is a dearth of inventory. Despite the low levels of inventory in Madison, our data shows Madison home sales increased by 14% in September and 20% year-to-date.
More Local Real Estate Reports
You can view our entire suite of market reports here. We continue to expand our library of reports each month. Our goal is to offer the most comprehensive and reliable market information in South Central Wisconsin. Feel free to contact usanytimewith your ideas for future market reports. We'll do our best to accommodate!
This article is published courtesy of: Dan Miller, REALTOR Mad City Dream Homes & RE/MAX Preferred