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.
July 13, 2018 — Dane County Real Estate Market Update
The first half of the 2018 real estate housing market has concluded with some up and down results.
Sales of single family and condominium homes in Dane County were generally strong in June and for the first 6 months of 2018. The county continues to struggle with available inventory to satisfy buying demand. We believe that this scarce supply has had an impact on sales in the most popular price ranges.
Interest rates did, in fact, rise from the start of the year – reaching a high point of 4.66% on May 24 for a 30-year fixed rate mortgage as reported by the Fannie Mae Primary Market survey. For the week ending July 12th, the rate was holding at 4.53%.
According to Freddie Mac, improved economic conditions and the low interest rates should help prospective homebuyers as they continue their search.
Properties are desperately needed! Are you considering selling your home? Contact NHM today for a free no obligation market valuation!