madison wi real estate update: november and december 2016

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


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


** Madison Home Prices increased 6% through November **

2016 New Single Family Listings: Historically Low through November


December Single Family Supply: 1.4 Months – Favors Sellers


** 33% of all listings have an accepted offer **

** A seller’s market under$400,000 **

Madison Home Sales through November Strong Despite Low Inventory


2016 Expired Listings through NovLowest on Record In Madison


Sign of a SELLERS MARKET

2016 Listing Expiration RateLowest Rate Ever through Nov


Another PositiveIndicator for Sellers

2016 Days on Market through Nov Lowest on Record in Madison


** 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• 608-852-7071• [email protected]

Chris Venden• 608-279-7852• [email protected]

Tammy Steiner• 608-290-1059• [email protected]

Shelley Lazzareschi• 608-215-3873• [email protected]

http://www.madcitydreamhomes.com/madison-home-report.php

mailto:[email protected]


