I mentioned in a blog post early this week that I would be sharing what Madison area communities are in a Seller’s market, Buyer’s market or Balanced market.
On the air on Wednesday I gave the run down of most of those markets. We still have some numbers to pull and will be posting them soon but here is a few of the Madison real estate market numbers.
Madison East Real Estate (Single Family)
Absorption Rate: 6.6 Months
This makes the Madison East Real Estate almost a sellers market.
Madison West Real Estate (Single Family)
Absorption Rate: 8.4 Months
This puts Madison West Real Estate in a balanced market.
Dane County Real Estate (Single Family)
Absorption Rate: 10.2 months
This makes the overall Dane County single family real estate market a balance market.
Dane County Real Estate (Condo)
Absorption Rate: 21.4 months
This makes the condo market in Dane County a definite Buyer’s Market.
The Dane County Condo real estate market is throwing a wrench into the real estate market numbers. The problem is everyone is combining the numbers. The local Realtor board pulls the numbers from the MLS. The news media outlets gets the numbers from the Realtor board.
I was actually surprised when I looked at the numbers separately. The single family market is out of the crazy seller’s market it was but has become balanced. The condo market is not only a buyer’s market, but to the extreme. Almost 2 years of inventory is sitting out there.
If you are a seller of a single family home wondering why your home has not sold, read our
5 things a seller can do to look better
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3 Comments
September 18, 2007 at 2:20 pm
[...] Madison Real Estate Market [...]
September 21, 2007 at 12:49 am
[...] I already shared the stats about the overall Dane County Real Estate market. [...]
October 26, 2007 at 1:34 am
[...] The Madison East and Madison West single family markets are almost even with each other for days on market. What makes the Madison East real estate market a bit healthier though is the absorption rate. [...]