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Home Sales Report May 2015
May Home Sales Sizzle Continuing the streak of increased year-over-year sales started last December, Dane County home sales rose 9.6% over last May. In fact, the 894 reported sales are the second highest total on record for this month – behind only the 909 transactions in May, 2013. Year-to-date, sales are 15.7% ahead of 2014 and are on pace to be among the top years for annual sales totals.
Median prices In Dane County – to no one’s surprise – are rising right along with home sales. For the month, the median sale price of $229,700 is 6.9% higher than one year ago. For the first five months, the median sale price increased 7.7% over the same period in 2014. Finally, for the twelve month period of June 2014 through May 2015, which may be the most relevant period to focus on, the median sale price is $227,000 compared to $215,000 for the same period one year previous – an increase of 5.6%. The most active segment of the market for the month was $150,000 - $299,999 with 59% of the sales occurring in that range.
May Home Sales Report
New listings coming on the market in Dane County in May were only a bit less than the past two years but the increased sales have served to diminish the supply of available homes for buyers to consider. With six months of active inventory generally considered to represent a balanced market between buyers and sellers, only 3.15 months of inventory is presently available. One year ago available inventory stood at 4.3 months and at 5 months in 2013.
Across the balance of the primary market* for the SCWMLS, sales were mixed with Green, Rock and Sauk Counties ahead of last year after five months and Iowa County exactly even. All counties, however, have experienced an increase in median sale prices, not only for the month of May but year-to-date as well.
Looking forward, we anticipate a continuation of a market characterized by active demand from buyers, low inventory, low interest rates (although we are seeing small increases lately) and rising prices. It is a fast-paced market for both buyers and sellers – one in which research, preparation and expert advice and counsel from a real estate professional will serve you well.
*The eight counties comprising the primary market of the South CentralWisconsin MLS are Columbia, Dane, Dodge, Grant, Green, Iowa, Rock and Sauk Counties.
South Central Wisconsin MLS Sold & Active Residential Listings (Including Condos)
2015 2014 2013 2015 2014 2013
151 120 161 599 534 564
76 88 89 264 278 252
171,135 160,599 131,462 169,868 153,607 135,393
145,500 140,000 122,000 148,500 136,250 119,950
494 524 581 494 524 581
2015 2014 2013 2015 2014 2013
1,075 1,171 1,195 4,685 4,644 4,817
894 816 909 2,884 2,494 2,753
257,552 245,757 233,977 252,587 238,146 230,117
229,700 215,000 206,000 225,000 209,000 204,000
1,941 2,567 2,774 1,941 2,567 2,774
Average Sale Price
Median Sale Price
Total # Active Residential Listings at end of Period
DANE COUNTY
More MLS statistics are available at cbsuccess.com/home-sales-reportsNOTE - This representation is based in whole or in part on data supplied to the South Central Wisconsin MLS Corporation by its Participants. The MLS does not
guarantee and is not responsible for its accuracy. Data maintained by the MLS does not reflect all real estate activity in the market.
Total # Active Residential Listings at end of Period
# New Listings
# Sales
MAY & Year-to-date Statistics 2015 Current sales reported as of June 12, 2015
# New Listings
COLUMBIA COUNTY
May January - May
# Sales
Average Sale Price
Median Sale Price
81 0
102 9
160 7
235 13
285 35
284 56
330 50
349 68
610 117
732 129
613 88
618 138
594 75
1,034 131
847 81
890 102
469 69
439 42
156 7
143 5
8,971 1,222
250,855 210,293
184,900 168,900 Median price
Single Family
CURRENT ACTIVE LISTINGS
30,000 - 39,999
40,000 - 49,999
50,000 - 59,999
60,000 - 69,999
70,000 - 79,999
80,000 - 89,999
250,000 - 299,999
90,000 - 99,999
100,000 - 119,999
300,000 - 399,999
400,000 - 499,999
120,000 - 139,999
140,000 - 159,999
160,000 - 179,999
180,000 - 199,999
Average price
less than 30,000
Condo/Co-Op
PRICECLASS/TYPE
500,000 - 749,999
750,000 - 999,999
over 1,000,000
Total Types
200,000 - 249,999
9 10 3 0
8 109
13 12 3 3
8 14 1 2
6 17 4 5
8 26 5 12
14 20 5 12
15 22 7 6
02 77 02 23
32 57 23 36
71 08 42 31
9 87 34 29
6 65 27 18
16 159 90 12
6 86 84 16
3 58 87 16
1 9 35 5
1 4 31 3
00 5 6
0 0 4 0
184 834 502 230
123,001 185,725 280,328 173,632
109,950 173,250 247,000 147,527 MEDIAN PRICE
4+Bedroom
Condo/Co-Op
AVERAGE PRICE
180,000 - 199,999
200,000 - 249,999
250,000 - 299,999
100,000 - 119,999
over 1,000,000
Total Types
0-2Bedroom
3Bedroom
300,000 - 399,999
500,000 - 749,999
750,000 - 999,999
160,000 - 179,999
400,000 - 499,999
60,000 - 69,999
70,000 - 79,999
80,000 - 89,999
90,000 - 99,999
120,000 - 139,999
140,000 - 159,999
TOTALS REPORTSOLD RESIDENTIAL LISTINGS
PRICE CLASS/TYPE
less than 30,000
30,000 - 39,999
40,000 - 49,999
50,000 - 59,999
* Sales for the month & current active listings are reported as of
6/12/2015. The Current Active Listings Chart includes all listings available for showings, including those with offers to purchase. This representation is based in whole or in part on data supplied to the South Central Wisconsin MLS Corporation by its Participants. The MLS does not guarantee and is not responsible for its accuracy. Data maintained by the MLS does not reflect all real estate activity in the market.
0
100
200
300
400
500
600
700
800
900
1000
1100
1200
1300
1400
1500
1600
Numbe
r of H
omes So
ldSingle Family Solds (Inc Condos)
Reported by the South Central WI MLS as of 6/12/2015
Dane County Columbia, Dane, Dodge, Grant, Green, Iowa, Rock & Sauk Counties
Dane County SalesMay 2015 ‐ 894May 2014 ‐ 816 May 2013 ‐ 909
8 County Regional SalesMay 2015 ‐ 1,436May 2014 ‐ 1,356May 2013 ‐ 1,468
$100,000
$110,000
$120,000
$130,000
$140,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
$210,000
$220,000
$230,000
$240,000
$250,000
$260,000
$270,000
$280,000
$290,000
$300,000
Median Sale Price for Single Family Solds (Inc Condos)Reported by the South Central WI MLS as of 6/12/2015
Dane County MedianMay 2015 ‐ $229,700May 2014 ‐ $215,000May 2013 ‐ $206,000
8 County Regional MedianMay 2015 ‐ $190,000May 2014 ‐ $179,900May 2013 ‐ $175,025
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
8,000
8,500
9,000
9,500
10,000
10,500
11,000
Num
ber o
f Active Listings
Available Single Family Homes (Inc Condos)Reported by the South Central WI MLS as of 6/12/2015
Dane County Columbia, Dane, Dodge, Grant, Green, Iowa, Rock & Sauk Counties
Dane County InventoryMay 2015 ‐ 1,941May 2014 ‐ 2,567May 2013 ‐ 2,774
8 County Regional InventoryMay 2015 ‐ 4,801May 2014 ‐ 5,973May 2013 ‐ 6,119
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
8,000
8,500
9,000
9,500
10,000
10,500
11,000
Num
ber o
f Active Listings
Available Single Family Homes (Inc Condos)Reported by the South Central WI MLS as of 6/12/2015
Dane County InventoryMay 2015 ‐ 1,941May 2014 ‐ 2,567May 2013 ‐ 2,774
8 County Regional InventoryMay 2015 ‐ 4,801May 2014 ‐ 5,973May 2013 ‐ 6,119
Stoughton School District May 2015 2014 YTD 2015 YTD May 2014
# New Listings 39 184 196 52
# Sales 38 92 116 29
Average Sale Price $245,116 $202,979 $225,933 $221,688
Median Sale Price Single Family $205,500 $178,900 $209,000 $196,900
Median Sale Price Condo $114,900 $159,000 $163,450 —-
Total # Active Residential Listings at end of period
96 121
Oregon School District May 2015
2015 YTD May 2014
2014 YTD
# New Listings 44 206 51 212
# Sales 48 126 27 98
Average Sale Price $283,895 $268,543 $262,003 $248,529
Median Sale Price Single Family $234,500 $250,000 $255,000 $222,400
Median Sale Price Condo $160,400 $148,500 $150,750 $167,500
Total # Active Residential Listings at end of period
81 147
Verona School District May 2015
2015 YTD May 2014
2014 YTD
# New Listings 55 238 70 255
# Sales 55 160 35 111
Average Sale Price $269,589 $280,352 $349,180 $293,354
Median Sale Price Single Family $269,500 $277,656 $362,000 $285,500
Median Sale Price Condo $147,500 $147,500 $190,500 $162,000
Total # Active Residential Listings at end of period
99 132
Real Estate Market Statistics—May 2015
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of June 15, 2015.
Real Estate Market Statistics—May 2015
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of June 15, 2015.
Deforest School District May 2015 2015 YTD May 2014
2014 YTD
# New Listings 33 189 51 186
# Sales 37 125 31 103
Average Sale Price $224,403 $227,424 $236,521 $227,434
Median Sale Price Single Family $232,000 $223,500 $207,450 $212,950
Median Sale Price Condo $143,450 $155,900 $240,000 $147,900
Total # Active Residential Listings at end of period
84
Sun Prairie School District
May 2015 2015 YTD May 2014 2014 YTD
# New Listings 108 431 92 406
# Sales 84 281 75 275
Average Sale Price $217,037 $224,968 $222,677 $211,712
Median Sale Price Single Family $230,000 $230,000 $235,000 $225,000
Median Sale Price Condo $145,000 $143,000 $128,000 $126,750
Total # Active Residential Listings at end of period
147 211
McFarland School District May 2015 2015 YTD May 2014 2014 YTD
# New Listings 23 106 28 131
# Sales 27 84 25 56
Average Sale Price $267,838 $271,721 $237,351 $239,284
Median Sale Price Single Family $243,000 $254,000 $239,175 $231,950
Median Sale Price Condo $173,600 $230,000 $221,000 $198,950
Total # Active Residential Listings at end of period
32 70
Real Estate Market Statistics—May 2015
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of June 15, 2015.
Lodi School District May 2015 2015 YTD May 2014
2014 YTD
# New Listings 33 115 31 123
# Sales 12 49 12 44
Average Sale Price $240,662 $250,850 $204,450 $236,059
Median Sale Price Single Family $198,250 $208,000 $189,000 $195,000
Median Sale Price Condo $332,000 $251,750 —- $218,000
Total # Active Residential Listings at end of period
95
Wisconsin Heights School District May 2015 2015 YTD May 2014 2014 YTD
# New Listings 11 56 16 61
# Sales 9 26 9 37
Average Sale Price $285,433 $312,312 $212,211 $212,997
Median Sale Price Single Family $228,900 $231,950 $177,500 $177,200
Median Sale Price Condo —- —- —- —-
Total # Active Residential Listings at end of period
49 58
Mount Horeb School District May 2015 2015 YTD May 2014 2014 YTD
# New Listings 24 94 24 96
# Sales 21 48 14 53
Average Sale Price $298,894 $300,623 $234,921 $231,642
Median Sale Price Single Family $280,000 $252,950 $212,950 $201,750
Median Sale Price Condo —- —- —- $134,000
Total # Active Residential Listings at end of period
61 73
Real Estate Market Statistics—May 2015
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of June 15, 2015.
Middleton-Cross Plains School District
May 2015 2015 YTD May 2014
2014 YTD
# New Listings 83 370 104 410
# Sales 67 200 60 187
Average Sale Price $402,561 $345,354 $347,207 $335,138
Median Sale Price Single Family $393,750 $370,000 $340,000 $340,000
Median Sale Price Condo $143,000 $128,200 $151,000 $150,500
Total # Active Residential Listings at end of period
171 234
Waunakee School District
May 2015 2015 YTD May 2014
2014 YTD
# New Listings 63 235 57 246
# Sales 27 103 21 78
Average Sale Price $365,790 $343,863 $334,195 $310,442
Median Sale Price Single Family $399,800 $390,750 $380,000 $324,000
Median Sale Price Condo $177,125 $175,625 $172,750 $166,000
Total # Active Residential Listings at end of period
152 178
Fitchburg Home Prices—May 2015
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of June 15, 2015.
Madison School District in Fitchburg
May 2015 2015 YTD May 2014
2014 YTD
# New Listings 38 164 24 139
# Sales 22 79 31 78
Average Sale Price $254,232 $254,074 $255,632 $257,831
Median Sale Price Single Family $267,450 $274,900 $278,000 $298,000
Median Sale Price Condo $191,450 $190,000 $179,200 $176,000
Total # Active Residential Listings at end of period
59 50
Verona School District in Fitchburg
May 2015 2015 YTD May 2014 2014 YTD
# New Listings 17 74 15 67
# Sales 9 34 11 30
Average Sale Price $319,422 $266,597 $414,082 $337,833
Median Sale Price Single Family $209,000 $212,000 $410,750 $300,000
Median Sale Price Condo —- $255,000 $535,000 $190,500
Total # Active Residential Listings at end of period
26 39
Oregon School District in Fitchburg
May 2015 2015 YTD May 2014 2014 YTD
# New Listings 4 25 4 35
# Sales 8 21 3 15
Average Sale Price $262,457 $276,379 $250,667 $247,110
Median Sale Price Single Family $264,900 $315,000 $212,000 $211,000
Median Sale Price Condo $284,900 $217,950 —- $265,000
Total # Active Residential Listings at end of period
8 21
Lafollette High School May 2015
2015 YTD May 2014
2014 YTD
# New Listings 87 449 101 407
# Sales 108 332 90 242
Average Sale Price $191,772 $190,744 $176,683 $173,632
Median Sale Price Single Family $191,000 $195,000 $182,000 $180,000
Median Sale Price Condo $128,250 $125,450 $108,500 $104,500
Total # Active Residential Listings at end of period
138 215
West High School May 2015
2015 YTD May 2014
2014 YTD
# New Listings 114 519 106 500
# Sales 92 300 116 289
Average Sale Price $301,553 $309,382 $295,735 $294,083
Median Sale Price Single Family $274,950 $279,900 $300,000 $286,000
Median Sale Price Condo $275,000 $239,000 $207,000 $238,450
Total # Active Residential Listings at end of period
201 255
Memorial High School May 2015
2015 YTD May 2014
2014 YTD
# New Listings 168 740 173 693
# Sales 149 504 135 416
Average Sale Price $242,388 $242,371 $209,610 $222,434
Median Sale Price Single Family $246,000 $251,750 $230,000 $232,000
Median Sale Price Condo $139,500 $144,200 $144,500 $147,000
Total # Active Residential Listings at end of period
252 325
Madison High Schools—May 2015
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of June 15, 2015.
East High School May 2015
2015 YTD May 2014
2014 YTD
# New Listings 97 397 104 412
# Sales 69 245 68 218
Average Sale Price $195,241 $195,659 $200,987 $188,445
Median Sale Price Single Family $170,634 $173,200 $179,950 $173,750
Median Sale Price Condo $130,500 $131,000 $179,000 $127,000
Total # Active Residential Listings at end of period
158 201
