Madison Wisconsin Real Estate News

Home sales in Dane County were down 20% in March compared to March 2008, according to sales figures released today by the South Central Wisconsin Multiple Listing Service.

Sales data show that 320 homes and condos were sold in Dane County in March, compared to 403 sold in March of 2008 and 552 sold in March of 2007.

For the first quarter of 2009, 684 homes were sold in Dane County, a 25% drop from the 921 homes sold the first three months of 2008 and 45% below the January-March sales of 1,244 homes in 2007.

The average sale price of a Dane County home in March dropped more than $29K, or 12%, from $243,368 to $214,049.

The median sale price also fell in March, going down $13,500, or 6.4 percent, from $210K to $196,500.

The number of new listings in Dane County dropped 28% in March compared to March 2008, with 1,072 new listings in the month compared to 1,495 new listings a year ago.

The total number of listings in Dane County was 4,712 in March, slightly below the 4,856 active listings in March 2008.

In the eight-county south central region, only two counties reported higher home sales in March 2009 than in March 2008. Green County had 25 home sales in March compared to 18 in March last year, and Iowa County had 16 home sales in March compared to 12 in March 2008.

Wondering what your home is worth? Call Jolenta Averill at Lake & City Homes Realty at 608.230.5553 or complete our no-oblgation request for a free market analysis today.