Madison, Wisconsin 2015 Condo Market Review

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Our short summary of the Madison WI 2015 condo market. Covers the latest sales, price, supply, expired listing, and days on market trends with objective data from the MLS. Courtesy of Mad City Dream Homes @ RE/MAX Preferred.

Immobilien

Madison Wisconsin
Condominium
Market Trends
DECEMBER, 2015
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

The Madison WI Condo Market
A Short Review of 2015
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
 Condo sales are ROBUST
 Inventory is VERY LOW for $250,000 & Under (Madison
has a shortage of affordable condo inventory)
 Many more Madison Condo Listings are SELLING Rather
than Expiring
 Condos are selling AT THE FASTEST PACE EVER
 It’s a SELLERS’ MARKET for condos priced under
$250,000. Buyers have more leverage in the luxury
segment.

2015 Madison Condo Sales
6th Highest Total on Record
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071

Madison Condo Accepted Offers:
2nd Highest December on Record
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
• AOs rebounded in December.
Expect strong closing totals in
January and February.

2015 New Madison Condo Listings:
Historically Low (Favorable to Sellers)
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
• A low supply of
incoming listings is
benefiting sellers.

Jan Madison Condo Supply
Only 2.7 Months of Inventory
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Under $250,000
MARKET FAVORS SELLERS

2015 Expired Condo Listings
Lowest in Madison since 2003
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Indicates a
SELLERS MARKET

2015 Condo Expiration Rate
Lowest Ever in Madison
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Another Sign of a
SELLERS MARKET

2015 Condo Avg Days on Market:
Lowest Ever in Madison
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Madison Condos are
Selling at the Fastest
Pace on Record

Madison Average Condo Price:
Down 3% in 2015
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071

For More Condo Market 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, Wisconsin 2015 Condo Market Review

1. Madison Wisconsin Condominium Market Trends DECEMBER, 2015 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. The Madison WI Condo Market A Short Review of 2015 Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071  Condo sales are ROBUST  Inventory is VERY LOW for $250,000 & Under (Madison has a shortage of affordable condo inventory)  Many more Madison Condo Listings are SELLING Rather than Expiring  Condos are selling AT THE FASTEST PACE EVER  It’s a SELLERS’ MARKET for condos priced under $250,000. Buyers have more leverage in the luxury segment.

3. 2015 Madison Condo Sales 6th Highest Total on Record Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071

4. Madison Condo Accepted Offers: 2nd Highest December on Record Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 • AOs rebounded in December. Expect strong closing totals in January and February.

5. 2015 New Madison Condo Listings: Historically Low (Favorable to Sellers) Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 • A low supply of incoming listings is benefiting sellers.

6. Jan Madison Condo Supply Only 2.7 Months of Inventory Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Under $250,000 MARKET FAVORS SELLERS

7. 2015 Expired Condo Listings Lowest in Madison since 2003 Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Indicates a SELLERS MARKET

8. 2015 Condo Expiration Rate Lowest Ever in Madison Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Another Sign of a SELLERS MARKET

9. 2015 Condo Avg Days on Market: Lowest Ever in Madison Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Madison Condos are Selling at the Fastest Pace on Record

10. Madison Average Condo Price: Down 3% in 2015 Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071

11. For More Condo Market 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

Madison, Wisconsin 2015 Condo Market Review

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