Madison Real Estate Market - View Madison Real Estate Market Trends in Wisconsin

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Madison. Low rates with falling home prices make a home purchase a great value! Call now for more information at 608-347-3260
Average Home Price	$250,000 - View Graph Trend

Average Price Compared to Last Year	Down 0-5%

Average Time on Market	90-120 days

Best Selling Price Range	$200,000 - $249,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Increasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Madison is	Increasing

Seller Activity for the past 90 days in Madison is?	No Change

Multiple Offers?	Yes

Multiple Offers Commentary	It is important to recognize that sometimes paying full price for a home is ok. Full price for one house may be a better deal than $20,000 off another house. Although they’ve all heard it in the news, many Sellers do not believe that their house has gone down in value and therefore list at a price that is too high. It happens quite often where a Seller prices their home too high initially only to have multiple price reductions. This leads to longer days on market for those homes. However, homes that are priced right do still sell quickly and can generate multiple offers.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	5-10%

Is Financing Available For Qualified Buyers?	Yes

Housing Inventory	Good supply - Some Prices

Inventory Comments	There is a great supply of homes on the market in Madison, WI, in all price ranges, allowing for more options than ever for a buyer to choose from. The lowest prices we’ve seen in many, many years, coupled with historically low mortgage interest rates, make this market a tremendous opportunity for anyone considering buying a home.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Population Growth

Nearest Metro Area	Madison

Housing Hot Spots	Middleton, Fitchburg, Oregon, Verona, McFarland and Waunakee are suburbs of Madison that are considered ’Housing Hotspots.’

Average Sold Price	$250,000 - View Graph Trend

Madison Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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