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Madison WI Condo Market Trends: Aug and Sept, 2016

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Madison condo prices moved higher in August. Supply remained low in many price categories.

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Madison WI Condo Market Trends: Aug and Sept, 2016

  1. 1. Madison Wisconsin Condominium Market Trends AUGUST and SEPTEMBER, 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. 2. Madison WI Condo Market August/September 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 STRONG for condos priced Under $250,000  Condo sales are HIGH even with low inventory  Condo listings are expiring at HISTORICALLY LOW levels  Condos are selling AT THE FASTEST PACE EVER  Madison condo prices are 4th HIGHEST ON RECORD
  3. 3. 2016 Madison Condo Prices 4th Highest on Record Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 ** Condo prices are up 6% through the month of August **
  4. 4. Sept Madison Condo Supply Only 2.8 Months of Inventory Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 29% of all listings have an accepted offer.
  5. 5. 2016 New Madison Condo Listings: Lowest Since 2003 (Favors Sellers) Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Low listing levels are benefitting sellers.
  6. 6. 2016 Madison Condo Sales 4th Highest on Record Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
  7. 7. 2016 Expired Condo Listings Lowest Ever through August Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Sign of a SELLERS MARKET
  8. 8. 2016 Listing Expiration Rate Lowest Expiration Rate on Record Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Indicates a Strong SELLERS MARKET
  9. 9. 2016 Condo Days on Market: Lowest Ever through August Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 A result of low supply and high demand
  10. 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

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