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Madison WI Condo Market Trends: Aug and Sept, 2016
1. Madison Wisconsin
Condominium
Market Trends
AUGUST and SEPTEMBER, 2016
All Data Sourced from the South Central WI MLS
Compiled by Dan Miller, MadCityDreamHomes.com
Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
2. Madison WI Condo Market
August/September 2016 Summary
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
A STRONG MARKET continues for Madison condo sellers
The market is VERY STRONG for condos priced Under
$250,000
Condo sales are HIGH even with low inventory
Condo listings are expiring at HISTORICALLY LOW levels
Condos are selling AT THE FASTEST PACE EVER
Madison condo prices are 4th HIGHEST ON RECORD
3. 2016 Madison Condo Prices
4th Highest on Record
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
** Condo prices are up 6%
through the month of August **
4. Sept Madison Condo Supply
Only 2.8 Months of Inventory
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
29% of all listings
have an accepted offer.
5. 2016 New Madison Condo Listings:
Lowest Since 2003 (Favors Sellers)
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Low listing levels are
benefitting sellers.
6. 2016 Madison Condo Sales
4th Highest on Record
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
7. 2016 Expired Condo Listings
Lowest Ever through August
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Sign of a
SELLERS MARKET
8. 2016 Listing Expiration Rate
Lowest Expiration Rate on Record
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Indicates a Strong
SELLERS MARKET
9. 2016 Condo Days on Market:
Lowest Ever through August
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
A result of
low supply and
high demand
10. For More Info on the Madison
Condominium Market:
MadCityDreamHomes.com/madison-condo-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