Comparing the month of May data for the last three years in the Dane County real estate market.
The average sales price in May of ‘07 was $242,675. In May of ‘06 it was $236,564. Does that mean home prices are still going up?
Year to date the average sales price is down about $3,000 in comparision to 2006 at the same time. The median home price is almost dead even. Only a $100 difference.
The average days on market for homes sold in May was 71.
The average days on market for condos sold in May was 159.
Related Posts:
CNN Reports Madison Home Prices Up
Average Days On Market For Dane County Condos and Homes
Why Are Homes Taking So Long To Sell?
The Capital Times call Dane County Housing Sales “encouraging”
2 Comments
June 30, 2007 at 11:54 am
[...] our blog post Madison Market Update For May for more info related to above [...]
July 19, 2007 at 12:17 pm
[...] Madison Market Update For May [...]