madison wi real estate update: november and december 2016
Post on 20-Jan-2017
11 Views
Preview:
TRANSCRIPT
Madison WI Real Estate Market Update
Single Family Homes
NOVEMBER and DECEMBER, 2016All Data is Sourced from the SCWMLS Database
Compiled by Dan Miller, MadCityDreamHomes.com
Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
2016 Madison Single Family Market Nov/Dec Real Estate Update
Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
The market favors SELLERS, especially for prices under $400,000
Prices are up 6% and at RECORD HIGHS
HISTORICALLY LOW Housing Supply Favors Sellers
Demand for Real Estate is STRONG
Expired listings: HISTORICALLY LOW
Days on Market: LOWEST EVER
2016 Madison Home Prices Highest Ever through November
Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
** Madison Home Prices increased 6% through November **
2016 New Single Family Listings: Historically Low through November
Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
December Single Family Supply: 1.4 Months – Favors Sellers
Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
** 33% of all listings have an accepted offer **
** A seller’s market under$400,000 **
Madison Home Sales through November Strong Despite Low Inventory
Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
2016 Expired Listings through NovLowest on Record In Madison
Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
Sign of a SELLERS MARKET
2016 Listing Expiration RateLowest Rate Ever through Nov
Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
Another PositiveIndicator for Sellers
2016 Days on Market through Nov Lowest on Record in Madison
Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
** Avg Days on Market = 37 Days **
Another Sign of a SELLERS MARKET
For More Info on the Madison Single Family Home Market:
MadCityDreamHomes.com/madison-home-report.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
Shelley Lazzareschi• 608-215-3873• shelley@madcitydreamhomes.com
top related