Housing sales statistics 
Up-to-date MLS Statistics for Madison WI, the Greater Madison Area, and Dane County Wisconsin
There are currently 19 blog entries related to this category.
Madison Market Update - NEW!
Tuesday, November 10th, 2009 at 10:40pm. 560 Views, 15 Comments.
I'm pleased to announce that after two weeks of enduring a steep learning curve for video editing, a variety of technical issues and glitches, and a fair degree of performance anxiety, I'm finally ready to kick off our new monthly housing update! It's dubbed The Madison Market Update because it's focused on the Madison WI residential real estate market.
In today's premier edition of the Madison Market Update you'll find highlights of the Madison housing market year-to-date with comparisons to last year using measures such as sales volume, average prices, average days on market and more. The Madison Market Update will be updated monthly and you'll have access to all the charts and graphs discussed in each edition via our Madison Market Statistics page and…
Tax credit update
Saturday, October 31st, 2009 at 10:58am. 494 Views, 18 Comments.
It's official! President Obama signed a bill on 11/6/09 extending the $8K tax credit for first-time home buyers and offering a new credit of up to $6,500 for some existing homeowners. Please see our Tax Credit Overview to find out what it means to you.
This week the Senate reached a tentative deal to extend the $8K tax credit for first-time home buyers which expires November 30th, 2009. It will be voted on in a cloture vote (ie it has been added to a bill currently on the Senate floor to extend federal unemployment insurance benefits) which is scheduled for Monday, November 2nd at 5pm. Its passage remains uncertain.
The agreement would extend the existing credit for first-time home buyers, worth up to $8,000, while offering a new credit…
Radon: to test or not to test
Thursday, October 1st, 2009 at 2:44pm. 328 Views, 2 Comments.
That is the question!
Some homeowners do the laundry in the basement, some have finished basements with offices or playrooms for the kids, others have a Master bedroom suite or a guest room in their finished lower level. But over the years I've had dozens of clients buy or sell homes without testing for radon gas. One of my clients, who was concerned about radon because she had small children, had gone to the trouble of testing for radon twice in two homes she purchased during the last 10 years. She then tested a third time when she bought the home that she is now in the process of selling on Madison's West Side.
The test had been negative for radon gas when she and her husband purchased the home years ago, so when they received an offer recently that…
Outdoor hot tubs - love them or hate them?
Friday, September 11th, 2009 at 12:52pm. 453 Views, 10 Comments.
A
client recently posed this question, "Do you think if we got rid of the
hot tub it would help?" Translation: Would getting rid of our hot tub
make our property more attractive to buyers?
The client suggested she freecycle the hot tub. In fact, she thought she'd have no problem getting rid of it by the weekend. I don't know a lot about hot tubs (I've never owned one) but I wondered how she'd get rid of it so quickly if it was so undesirable. Afterall, it was already Thursday when she made the suggestion. Then again, that hot tub (see photo) wasn't looking so hot. It actually made her newly refinished deck look a little shabby. Then she mused, "I don't think anyone even wants a hot tub anymore. It costs a fortune to keep it running in the winter…
Madison Named in Top 10 Places to Buy a Home
Thursday, August 13th, 2009 at 11:06am. 159 Views, 4 Comments.
ABC News Good Morning America recently named Madison, WI one of the top 10 places in the country to buy a home. The following statistical data was provided as positives for the Madison WI housing market:
- Median Home Value: $207,600, down 4% from a year ago.
- Property values are flat compared with five years ago.
- Houses cost an average of $113 per square foot.
- Buyers are paying 3% less than listing price.
As always, such statistics have to be taken with a grain of salt as they are based on a very broad area (in recent years Madison has been expanding in several directions at a rapid clip). It is also important to note that Madison, WI is comprised of a wide diversity of different neighborhoods, North, South, East, West, and downtown, some of which have declined…
Madison East Side Homes - Sales Comparison
Sunday, August 9th, 2009 at 11:31am. 274 Views, 0 Comments.
Yesterday I discussed how home sales were up a respectable 12.63% in July 2009 vs July 2008 on the West Side of Madison after six straight months of year-over-year declines. The question I posed was whether this signals a turnaround for the housing market on the West Side of Madison? The jury may still be out on the West Side but a clearer picture could be emerging for Madison's East Side where sales of single family homes have been up for not one but two consecutive months. After five straight months of year-over-year declines ranging from 7.35% to a whopping 35%, sales of single-family homes on Madison's East Side were up 3.05% and 29.63% in June and July 2009, respectively, compared to June and July 2008 (see chart below). Could a turnaround in the…
Madison West Side Homes - Sales Comparison
Saturday, August 8th, 2009 at 3:29pm. 281 Views, 3 Comments.
After sales plummeted each month from 4.1% to 27.62% during January-June 2009 compared to the same period in 2008, sales of single family homes on Madison's West Side rose a respectable 12.63% in July 2009 compared to July 2008 (see chart below). Could this be the beginning of a turnaround in the Madison West Side housing market?
Other highlights:
- The volume of homes sold on the West Side of Madison from January-July 2009 was down 7.67% (to 819) vs the same period in 2008.
- The average price of a West Side Madison home was down 8.64% (to $274,097) from January-July 2009 vs the same period in 2008, making West Side homes more affordable.
- The volume of listings was down 11.55% (to 1,547) from January-July 2009 vs the same period in 2008, helping to…
Madison Semi-Annual Real Estate Roundup
Thursday, July 9th, 2009 at 9:25pm. 127 Views, 2 Comments.
The following market summary pertains to single family homes in Madison WI for the first six months of 2009 vs the first six months of 2008:
Listings of single-family homes in Madison were down 12.6% for the period January through June of 2009 vs. the same period in 2008.
Sales of single family homes in Madison were down 14% for the period January through June of 2009 vs. the same period in 2008.
The average sales price for a single family home in Madison from January to June 2009 was $224,572 vs. $247,378 for the same time period in 2008 (down 9.2%).
The average DOM (number of days on market) was virtually unchanged at 79 for the first six months of 2009 vs. 76 days for the same period in 2008.
The above data pertains only to single family homes listed and…
Latest foreclosures statistics for Madison Wisconsin
Saturday, May 16th, 2009 at 10:06am. 269 Views, 0 Comments.
Here's the latest foreclosure data from RealtyTrac for the U.S., for Madison, WI and for Wisconsin as a whole:
U.S.
- April 2009 foreclosures were 342,038 (up <1% from March 2009 but 32% higher than April 2008)
- One out of every 374 homes in the country received some type of foreclosure filing in April (default notice, auction sale notice, bank repossession), the highest monthly rate ever posted since RealtyTrac started issuing a monthly report in January 2005.
- April was the second straight month with more than 300,000 U.S. households receiving a foreclosure filing
- About 63,900 homes were repossessed in April, down 11% from about 71,700 in March 2009
- The number of repossessions by banks was down on a monthly and annual basis to their lowest level since March…
Dane County Housing Sales - April 2009 vs April 2008
Saturday, May 16th, 2009 at 9:57am. 106 Views, 0 Comments.
Sales of single family homes in Dane County in April 2009 were down almost 23% from April 2008, although surprisingly DOM (Days On Market) only increased by 5 days (from 91 days to 95 days).The median price for a single family home in Dane County declined 5.3% (from $224K to $212K) from April 2008 to April 2009.
Sales of condominiums in Dane County in April 2009 were down almost 22% from April 2008 and DOM decreased a whopping 18.3% (from 147 to 120 dom). The median sales price for condos sold in April 2009 remained unchanged from April 2008 at $162K.
For information about buying or selling a home anywhere in Dane County or to search for homes through Dane County and the South Central Wisconsin MLS, please visit Lake & City Homes online or call broker…
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