View the current housing market status for the Dane County, Wisconsin area. We break it down by home sold per price range. This report also features the average home sales price and the type of financing utilized by homebuyers.
June 25, 2019
Dane County Real Estate Market Update
New listings for Dane County reversed a 3 month trend, increasing rather than decreasing, in comparison to one year ago. From February through April, new listings in 2019 were 13.7% less than in 2018. The 1,170 new listings this month are 9.5% more than in May of 2018. As a result, the number of active listings at the end of May is increased 17.6% over last year. Still, the supply of active inventory is lean – just 2 months. Generally, a 6-month supply is considered to represent a balanced market between buyers and sellers.
Competition for active listings is strongest in the price range of $349,999 and below. Selection improves a bit for those buyers in the $350,000 – $499,999 market and becomes even better for homes $500,000 and above.
Properties are needed! Are you considering selling your home? Contact NHM today for a free no obligation market valuation!