The 347 reported sales of single family homes and condominiums is the highest total ever for the month of January, eclipsing the previous record of 345 set in 2006!
There is only 2.16 months of available inventory for buyers to select from. Generally, 6 months of active inventory is considered to be a balanced market between buyers and sellers!
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Home Sales Report
January 2016
2. February 17, 2016
Record Start to New Year
Sales in Dane County started the New Year in record fashion. The 347 reported sales
of single family homes and condominiums is the highest total ever for the month of
January, eclipsing the previous record of 345 set in 2006.
The Dane County median sale price for the month stood at $232,550 compared to
$217,500 one year ago. For the past twelve month period, the median sale price is
almost identical - $232,500. This is 4.9% higher than the previous twelve month
median sale price of $221,500.
New listings in January rose 7.4% in Dane County compared to last year, but the
total number of active listings decreased 22% due to increased sales activity. As a
result, there is only 2.16 months of available inventory for buyers to select from.
Generally, six months of active inventory is considered to be a balanced market
between buyers and sellers.
For the balance of SCWMLS region* (excluding Dane County), January sales
increased 10% over last year (323 vs. 294) with the twelve month median sales price
increasing 6.4% to $130,000 from $122,100.
We see positive factors for an active 2016 housing market. Job growth continues
and along with that consumer confidence is solid. Demand is strong from millennials
and young Gen Xers as new households are formed and life events such as new
babies and growing families take place in existing households. Affordability is high as
incredibly favorable interest rates continue below 4% - for now. And we see
evidence of continued recovery in new construction – especially in single family
construction.
Now is an excellent time to be in the real estate market.
*The SCWMLS region includes Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake,
Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon and Waushara Counties.
January Home Sales Report
3. 2016 2015 2014
61 61 66
32 31 39
169,344 165,545 126,060
159,000 145,000 117,000
333 401 462
2016 2015 2014
637 593 637
347 327 284
263,850 245,429 237,053
232,550 217,500 205,750
1,433 1,835 2,198
2016 2015 2014
132 178 181
105 102 90
136,874 110,526 115,058
130,000 103,500 98,950
607 751 934
# New Listings
# New Listings
# Sales
Average Sale Price
JANUARY STATISTICS
COLUMBIA COUNTY
Current sales reported as of February 12, 2016 - More MLS statistics are available at www.scwmls.com.
NOTE - This representation is based in whole or in part on data supplied to the South Central Wisconsin MLS Corporation by its Participants. The MLS does not guarantee
and is not responsible for its accuracy. Data maintained by the MLS does not reflect all real estate activity in the market.
Total # Active Residential Listings at end of Period
Median Sale Price
ROCK COUNTY
Total # Active Residential Listings at end of Period
DANE COUNTY
Average Sale Price
Median Sale Price
Total # Active Residential Listings at end of Period
# Sales
Average Sale Price
Median Sale Price
# New Listings
# Sales
South Central Wisconsin MLS Sold & Active Residential Listings (Including Condos)
47 0
68 8
119 7
143 17
210 24
212 30
259 35
244 39
391 61
456 74
422 78
404 91
400 53
701 96
539 76
631 96
328 61
296 43
124 10
112 3
6,106 902
260,189 232,678
185,000 179,900
PRICE
CLASS/TYPE
500,000 - 749,999
750,000 - 999,999
over 1,000,000
180,000 - 199,999
30,000 - 39,999
40,000 - 49,999
50,000 - 59,999
70,000 - 79,999
80,000 - 89,999
Total Types
200,000 - 249,999
250,000 - 299,999
90,000 - 99,999
100,000 - 119,999
300,000 - 399,999
400,000 - 499,999
120,000 - 139,999
140,000 - 159,999
160,000 - 179,999
Single
Family
less than 30,000
Condo/
Co-Op
CURRENT ACTIVE LISTINGS
60,000 - 69,999
Average price
Median price
68 4 0
8 135
10 034
425 2
12 10 3 2
7 13 4 9
6 10 3 5
4 10 1 4
13 21 5 4
9 29 12 9
7 37 9 9
3 31 16 6
3 24 13 5
6 67 39 7
3 43 23 4
1 23 44 7
0 4 19 1
0 3 14 1
10 1 3
0 0 2 0
105 341 226 77
99,946 187,413 272,515 176,597
82,500 173,500 234,000 146,500MEDIAN SOLD PRICE
80,000 - 89,999
TOTALS REPORT
SOLD RESIDENTIAL LISTINGS
PRICE CLASS/TYPE
less than 30,000
30,000 - 39,999
90,000 - 99,999
140,000 - 159,999
50,000 - 59,999
750,000 - 999,999
160,000 - 179,999
400,000 - 499,999
60,000 - 69,999
70,000 - 79,999
200,000 - 249,999
Total Types
0-2
Bedroom
3
Bedroom
300,000 - 399,999
500,000 - 749,999
40,000 - 49,999
100,000 - 119,999
120,000 - 139,999
250,000 - 299,999
over 1,000,000
4+
Bedroom
Condo/
Co-Op
AVERAGE SOLD PRICE
180,000 - 199,999
More MLS statistics are available at cbsuccess.com/home-sales-reports
*Sales for the month & current active listings are reported as of 2/12/16. The Current Active Listings Chart includes all listings available for showings, including those with offers
to purchase. This representation is based in whole or in part on data supplied to the South Central Wisconsin MLS Corporation by its Participants. The MLS does not guarantee
and is not responsible for its accuracy. Data maintained by the MLS does not reflect all real estate activity in the market.
6. Real Estate Market Statistics—Jan 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of February 14, 2016.
Stoughton School District January
2016
2015 YTD2016 YTD January
2015
# New Listings 25 1825 18
# Sales 15 1115 11
Average Sale Price $222,640 $245,036$222,640 $245,036
Median Sale Price Single Family $197,000 $219,000$197,000 $219,000
Median Sale Price Condo $73,000 $160,000$73,000 $160,000
Total # Active Residential
Listings at end of period
59 87
Oregon School District January
2016
2016 YTD January
2015
2015 YTD
# New Listings 13 13 20 20
# Sales 10 10 16 16
Average Sale Price $280,809 $280,809 $273,994 $273,994
Median Sale Price Single Family $232,900 $232,900 $255,000 $255,000
Median Sale Price Condo $317,900 $317,900 $128,500 $128,500
Total # Active Residential
Listings at end of period
54 74
Verona School District January
2016
2016 YTD January
2015
2015 YTD
# New Listings 38 38 30 30
# Sales 12 12 15 15
Average Sale Price $190,939 $190,939 $257,982 $257,982
Median Sale Price Single Family $264,950 $264,950 $230,000 $230,000
Median Sale Price Condo $141,750 $141,750 $230,000 $230,000
Total # Active Residential
Listings at end of period
84 96
7. Real Estate Market Statistics—Jan 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of February 14, 2016.
Deforest School District January
2016
2016 YTD January
2015
2015 YTD
# New Listings 35 35 31 31
# Sales 25 25 19 19
Average Sale Price $279,695 $279,695 $216,635 $216,635
Median Sale Price Single Family $236,500 $236,500 $199,000 $199,000
Median Sale Price Condo $238,000 $238,000 —- —-
Total # Active Residential
Listings at end of period
57 91
Sun Prairie School District January
2016
2016 YTD January
2015
2015 YTD
# New Listings 60 60 57 57
# Sales 40 40 27 27
Average Sale Price $241,164 $241,164 $202,208 $202,208
Median Sale Price Single Family $259,000 $259,000 $226,000 $226,000
Median Sale Price Condo $146,250 $146,250 $126,250 $126,250
Total # Active Residential
Listings at end of period
110 151
McFarland School District January
2016
2016 YTD January
2015
2015 YTD
# New Listings 15 15 11 11
# Sales 13 13 10 10
Average Sale Price $291,611 $291,611 $295,868 $295,868
Median Sale Price Single Family $289,750 $289,750 $269,184 $269,184
Median Sale Price Condo $259,000 $259,000 $203,450 $203,450
Total # Active Residential
Listings at end of period
38 55
8. Real Estate Market Statistics—Jan 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of February 14, 2016.
Lodi January
2016
2016 YTD January
2015
2015 YTD
# New Listings 6 6 10 10
# Sales 6 6 4 4
Average Sale Price $197,667 $197,667 $271,750 $271,750
Median Sale Price Single Family $216,000 $216,000 $270,000 $270,000
Median Sale Price Condo $184,000 $184,000 $149,000 $149,000
Total # Active Residential
Listings at end of period
61
Wisconsin Heights January
2016
2016 YTD January
2015
2015 YTD
# New Listings 9 9 4 4
# Sales 5 5 1 1
Average Sale Price $161,580 $161,580 $139,200 $139,200
Median Sale Price Single Family $179,900 $179,900 $139,200 $139,200
Median Sale Price Condo —- —- —- —-
Total # Active Residential
Listings at end of period
32 35
Mount Horeb January
2016
2016 YTD January
2015
2015 YTD
# New Listings 13 13 5 5
# Sales 6 6 3 3
Average Sale Price $273,583 $273,583 $178,833 $178,833
Median Sale Price Single Family $277,500 $277,500 $179,000 $179,000
Median Sale Price Condo —- —- —- —-
Total # Active Residential
Listings at end of period
38 48
Edgerton January
2016
2016 YTD January
2015
2015 YTD
# New Listings 21 21 17 17
# Sales 12 12 11 11
Average Sale Price $155,767 $155,767 $99,258 $99,258
Median Sale Price Single Family $138,700 $138,700 $110,000 $110,000
Median Sale Price Condo —- —- —- —-
Total # Active Residential
Listings at end of period
109
9. Real Estate Market Statistics—Jan 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of February 14, 2016.
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Middleton-Cross Plains
School District
January
2016
2016 YTD January
2015
2015 YTD
# New Listings 48 48 48 48
# Sales 18 18 15 15
Average Sale Price $477,830 $477,830 $351,909 $351,909
Median Sale Price Single Family $460,000 $460,000 $392,000 $392,000
Median Sale Price Condo $135,500 $135,500 $262,500 $262,500
Total # Active Residential
Listings at end of period
129 146
Waunakee School District January
2016
2016 YTD January
2015
2015 YTD
# New Listings 42 42 35 35
# Sales 17 17 13 13
Average Sale Price $345,206 $345,206 $305,677 $305,677
Median Sale Price Single Family $334,000 $334,000 $281,000 $281,000
Median Sale Price Condo $124,000 $124,000 $134,500 $134,500
Total # Active Residential
Listings at end of period
100 115
10. Fitchburg Home Prices—Jan 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of February 14, 2016.
Madison School District in
Fitchburg
January
2016
2016 YTD January
2015
2015 YTD
# New Listings 15 15 17 17
# Sales 11 11 11 11
Average Sale Price $293,210 $293,210 $225,795 $225,795
Median Sale Price Single Family $310,000 $310,000 $304,500 $304,500
Median Sale Price Condo $190,500 $190,500 $172,500 $172,500
Total # Active Residential
Listings at end of period
31 41
Verona School District in
Fitchburg
January
2016
2016 YTD January
2015
2015 YTD
# New Listings 11 11 9 9
# Sales 1 1 2 2
Average Sale Price $55,000 $55,000 $268,450 $268,450
Median Sale Price Single Family —- —- $186,900 $186,900
Median Sale Price Condo $55,000 $55,000 $350,000 $350,000
Total # Active Residential
Listings at end of period
24 29
Oregon School District in
Fitchburg
January
2016
2016 YTD January
2015
2015 YTD
# New Listings 0 0 1 1
# Sales 1 1 4 4
Average Sale Price $207,500 $207,500 $279,225 $279,225
Median Sale Price Single Family $207,500 $207,500 $278,500 $278,500
Median Sale Price Condo —- —- —- —-
Total # Active Residential
Listings at end of period
6 10
11. Real Estate Market Statistics—Jan 2016
Information provided by the SCWMLS and is based on Single Family Homes and Condos as of February 14, 2016.
Lafollette High School January
2016
2016 YTD January
2015
2015 YTD
# New Listings 52 52 64 64
# Sales 31 31 26 26
Average Sale Price $190,740 $190,740 $179,577 $179,577
Median Sale Price Single Family $213,659 $213,659 $186,200 $186,200
Median Sale Price Condo $94,000 $94,000 $109,950 $109,950
Total # Active Residential
Listings at end of period
97 166
West High School January
2016
2016 YTD January
2015
2015 YTD
# New Listings 71 71 59 59
# Sales 31 31 41 41
Average Sale Price $337,107 $337,107 $287,544 $287,544
Median Sale Price Single Family $309,500 $309,500 $287,500 $287,500
Median Sale Price Condo $314,000 $314,000 $202,200 $202,200
Total # Active Residential
Listings at end of period
170 172
Memorial High School January
2016
2016 YTD January
2015
2015 YTD
# New Listings 86 86 101 101
# Sales 61 61 63 63
Average Sale Price $258,276 $258,276 $265,932 $265,932
Median Sale Price Single Family $262,000 $262,000 $255,000 $255,000
Median Sale Price Condo $170,750 $170,750 $143,000 $143,000
Total # Active Residential
Listings at end of period
189 254
East High School January
2016
2016 YTD January
2015
2015 YTD
# New Listings 53 53 48 48
# Sales 39 39 38 38
Average Sale Price $174,611 $174,611 $174,975 $174,975
Median Sale Price Single Family $182,825 $182,825 $159,900 $159,900
Median Sale Price Condo $82,000 $82,000 $153,000 $153,000
Total # Active Residential
Listings at end of period
109 133