Madison West Side Homes - Sales Comparison
Posted by Jolenta Averill, Broker on Saturday, August 8th, 2009 at 1:29pm.
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 constrain supply.
- DOM (Days On Market) remained virtually unchanged from January-July 2009 vs the same period in 2008 (79 days vs 74 days), proving that Madison West Side homes are still in demand even if fewer people are in a position to purchase one.
For more information about West Side Madison homes for sale or for a FREE market analysis of your West Side Madison home, please contact Lake & City Homes broker|owner Jolenta Averill at 608.230.5553. We'll help you make sense of the housing market, regardless of prevailing market conditions.
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Jolenta Averill, Principal
Lake & City Homes Realty
(563) BUY-SOLD
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Share3 Responses to "Madison West Side Homes - Sales Comparison"
Funny you should ask as I'm publishing a post on that tomorrow. East Side home sales are looking even better, although volume is lower. East Side home sales have been been on the rise for two consecutive months. Stay tuned...
Posted on Saturday, August 8th, 2009 at 2:43pm.
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Madison West Side - Sales Comparison
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Posted on Sunday, August 9th, 2009 at 9:31am.
Great news for west side Madison area homes. How is the east side doing in comparison?
Posted on Saturday, August 8th, 2009 at 2:33pm.