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Market Update: January – June 2021
We’re now half way through 2021 and our market shows no signs of slowing down. More inventory has been added in recent months, which has slightly eased pressure on buyers. However, we are still in a “seller favored” market, and the supply of “entry level” homes under $200,000 remains very low. Home prices continue to rise across south central Wisconsin, with the highest increase seen in Dane County. Interest rates remain low, and likely will continue to hover around the 3% mark for the near future. Click here to see a full report for all of south central Wisconsin with statistical graphs from the RASCW and SCMWLS. So what does…
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Fall 2020 Market Update
Typically, we expect to see the housing market cool off along with the weather this time of year. That’s not the case this year though! We are seeing a strong seller’s market continue into the Fall months, outpacing the same time period last year. Despite the challenges that Covid has thrown our way, home sales (and prices) continue to climb. Home sales increased almost 26% percent over this time last year. Home prices increased almost 10% percent over this time last year. Surprisingly, there were more homes listed for sale during the last 2 months than the same time period last year, but higher home sales negated any possible inventory…
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Market Update – April 2020
This month’s market update will be a slight break from tradition, given that we are facing some unprecedented and unique challenges in our current market due to the public health crisis caused by COVID-19. Since real estate is considered an essential service – what could be more essential than the roof over your head! – we are still here to serve you and your real estate needs. We are adapting to the ever-evolving situation as updates become available and we are utilizing all of the technology at our disposal to offer contact-free transactions whenever possible. Here are some of the steps we are taking to safeguard the health of our…
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Market Update – February 2020
Home Sales Home sales fell off significantly for the month of January, though if we look at historical data it seems to be pretty typical of this time period. This time of year is generally the “calm before the storm” as home sales ramp up heading towards the busy Spring and Summer markets. Inventory Inventory in Dane County has eased slightly over this time last year, but is still hovering around the two month mark. With inventory tight, the market favors sellers, and buyers should be prepared to write competitive offers if they want to snag the right home for them. Home Prices The average sale price of homes in…
