View
331
Download
1
Category
Preview:
Citation preview
Madison WI Real Estate
Market Update
Single Family Homes
DECEMBER, 2015All Data is Sourced from the SCWMLS Database
Compiled by Dan Miller, MadCityDreamHomes.com
Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
2015 Madison Single Family Market
Real Estate Market Summary
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Demand is STRONG
Inventory is VERY LOW
Few Listings are EXPIRING
Homes are Selling QUICKLY
Prices are at ALL-TIME HIGHS
Madison WI Home Sales:
Highest Ever in 2016
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Madison Accepted Offers:
Have Decreased 3 Straight Months
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
* Inventory Shortage is
Restricting Buyer Activity
New Single Family Listings:
Entering the Market at a Slow Pace
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
A Low Influx of New Listings
is Limiting Home Supply and
Contributing to Rising Prices
Madison Home Supply:
Only 1.6 Months in January
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
INVENTORY SHORTAGE
Under $350,000
2015 Single Family Expired Listings
Lowest Total Since 2003
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Sign of a
SELLERS MARKET
2015 Listing Expiration Rate
Lowest on Record (Seller’s Market)
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
5 Listings
Sold for Every
Expired
2015 Days on Market:
Lowest Since 2004
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Avg Days on Market = 46 Days
Sign of a
SELLERS MARKET
2015 Madison Home Prices:
Highest Annual Avg on Record
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
2015 Madison Area Housing Starts
Highest Since 2007
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
• Housing starts are up but
not significantly. New
construction is not helping
to relieve the shortage of
supply.
30 Year Mortgage Rates
Under 4% in December
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
* The 30 Year Rate is
expected to average
4.5% in 2016
For More Madison Market Info Visit:MadCityDreamHomes.com/madison-home-report.php
MadCityDreamHomes.com/foreclosure-report.php
MadCityDreamHomes.com/housing-starts.php
MadCityDreamHomes.com/mortgage-rates.php
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Dan Miller• 608-852-7071• dan@madcitydreamhomes.com
Chris Venden• 608-279-7852• chris@madcitydreamhomes.com
Tammy Steiner• 608-290-1059• tammy@madcitydreamhomes.com
Recommended