Madison, WI Condo Market Trends-October 2015

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The Madison Wisconsin Condo Market is a Seller's Market. Buyer demand is high, with condos selling much more quickly than in the past.

Madison Wisconsin
Condominium
Market Trends
OCTOBER, 2015
Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071

The Madison Condo Market
A Quick Overview
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
 Buyer Demand is HIGH
 Inventory is LOW for $250,000 & Under (Madison
has a shortage of affordable condos)
 Most Madison Condo Listings are SELLING Rather
than Expiring
 Condos are Selling Much More QUICKLY than in
Years Past
 It’s a SELLERS’ MARKET in Many Price Categories

Madison Condo Sales: Oct, 2015
2nd Highest Total on Record
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071

Madison Condo Accepted Offers:
5th Highest October on Record
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Expect Good Closing
Totals in Nov, Dec

October New Condo Listings:
Historically Low (Benefits Sellers)
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071

Nov Madison Condo Supply
Under $250K: Approx 2 Mos
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Under $250,000
STRONG SELLERS MARKET

October Expired Condo Listings
Lowest in Madison Since 2003
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Sign of a
SELLERS MARKET

Madison Condo Expiration Rate
Lowest October since 2000
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071

Madison Condo Days on Market:
Historically Low in October
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071

YTD Madison Condo Prices:
Down Slightly from Last Year
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
* Market is Strongest in
the Lower Price Ranges

For More Information
Check out our Monthly Report on the
Madison Wisconsin Condo 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

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Madison, WI Condo Market Trends-October 2015

1. Madison Wisconsin Condominium Market Trends OCTOBER, 2015 Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071

2. The Madison Condo Market A Quick Overview Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071  Buyer Demand is HIGH  Inventory is LOW for $250,000 & Under (Madison has a shortage of affordable condos)  Most Madison Condo Listings are SELLING Rather than Expiring  Condos are Selling Much More QUICKLY than in Years Past  It’s a SELLERS’ MARKET in Many Price Categories

3. Madison Condo Sales: Oct, 2015 2nd Highest Total on Record Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071

4. Madison Condo Accepted Offers: 5th Highest October on Record Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Expect Good Closing Totals in Nov, Dec

5. October New Condo Listings: Historically Low (Benefits Sellers) Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071

6. Nov Madison Condo Supply Under $250K: Approx 2 Mos Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Under $250,000 STRONG SELLERS MARKET

7. October Expired Condo Listings Lowest in Madison Since 2003 Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Sign of a SELLERS MARKET

8. Madison Condo Expiration Rate Lowest October since 2000 Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071

9. Madison Condo Days on Market: Historically Low in October Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071

10. YTD Madison Condo Prices: Down Slightly from Last Year Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 * Market is Strongest in the Lower Price Ranges

11. For More Information Check out our Monthly Report on the Madison Wisconsin Condo 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