View the current housing market status for the Madison, Wisconsin area. We break it down by home sold and those currently active in our Multiple Listing Service (MLS). This report also features the average home sales price and the type of financing utilized by homebuyers.
The Home Sales Report is updated on a monthly basis around mid-month.
January 25, 2018 | Dane County Real Estate Market Update
Despite recording the 3rd best December for sales of single family and condominium homes in Dane County, 2017 fell just short of setting the annual record for the 2nd year in a row. Sales for the month totaled 483, but trailed last year’s record of 534 sales. Year-to-date, 2017 stands 2nd only to 2016 by just 31 transactions.
The 12-month median price in Dane County ended the year at $264,000, topping the previous year-end high set in 2016 at $245,000. The monthly median price in Dane County rose year-over-year for the 28th time in the past 29 months.
The supply of active inventory in Dane County dropped to just under 1-1/2 months, about 1/3 of what we typically see, homes going on the market are getting instant attention. The 991 active listings is the 1st time inventory has dropped below 1000 active listings at year end since 1997.
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