1. Madison Wisconsin
Condominium
Market Trends
OCTOBER and NOVEMBER, 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
October/November 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 FAVORABLE for sellers with condos
priced under $250,000.
Condo sales are HIGH even though inventory is low
Condo listings are expiring at LOW levels
Condos are selling FASTEST THAN EVER
Madison condo prices are NEARING PEAK HIGHS
3. 2016 Madison Condo Prices
Nearing Historical Highs
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
** Condo prices are up 5% through
October, 2016 **
4. Nov Madison Condo Supply Only
2.7 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:
Low Supply of Incoming Listings
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Low supply of
New MLS listings is
benefitting sellers.
6. 2016 Madison Condo Sales
4th Highest Ever through October
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
7. 2016 Expired Condo Listings
Lowest Ever through October
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Sign of a
SELLERS MARKET
8. 2016 Condo Expiration Rate
Lowest Expiration Rate on Record
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Indicates a
SELLERS MARKET
9. 2016 Condo Days on Market:
Lowest Ever through October
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