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Madison WI Real Estate Update: November and December 2016

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The latest single family home trends in Madison, Wisconsin. All data is sourced from the South Central WI MLS.

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Madison WI Real Estate Update: November and December 2016

  1. 1. Madison WI Real Estate Market Update Single Family Homes NOVEMBER and DECEMBER, 2016 All Data is Sourced from the SCWMLS Database Compiled by Dan Miller, MadCityDreamHomes.com Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
  2. 2. 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
  3. 3. 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 **
  4. 4. 2016 New Single Family Listings: Historically Low through November Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
  5. 5. 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 **
  6. 6. Madison Home Sales through November Strong Despite Low Inventory Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
  7. 7. 2016 Expired Listings through Nov Lowest on Record In Madison Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Sign of a SELLERS MARKET
  8. 8. 2016 Listing Expiration Rate Lowest Rate Ever through Nov Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Another Positive Indicator for Sellers
  9. 9. 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
  10. 10. 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

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