Madison WI Real Estate Update: November and December 2016

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The latest single family home trends in Madison, Wisconsin. All data is sourced from the South Central WI MLS.

Madison WI Real Estate
Market Update
Single Family Homes
NOVEMBER and DECEMBER, 2016
All Data is Sourced from the SCWMLS Database
Compiled by Dan Miller, MadCityDreamHomes.com
Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071

2016 Madison Single Family Market
Nov/Dec Real Estate Update
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
 The market favors SELLERS, especially for prices
under $400,000
 Prices are up 6% and at RECORD HIGHS
 HISTORICALLY LOW Housing Supply Favors Sellers
 Demand for Real Estate is STRONG
 Expired listings: HISTORICALLY LOW
 Days on Market: LOWEST EVER

2016 Madison Home Prices
Highest Ever through November
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
** Madison Home Prices increased 6% through November **

2016 New Single Family Listings:
Historically Low through November
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071

December Single Family Supply:
1.4 Months – Favors Sellers
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
** 33% of all listings have
an accepted offer **
** A seller’s market under
$400,000 **

Madison Home Sales through November
Strong Despite Low Inventory
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071

2016 Expired Listings through Nov
Lowest on Record In Madison
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Sign of a
SELLERS MARKET

2016 Listing Expiration Rate
Lowest Rate Ever through Nov
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Another Positive
Indicator for Sellers

2016 Days on Market through Nov
Lowest on Record in Madison
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
** Avg Days on Market = 37 Days **
Another Sign of a
SELLERS MARKET

For More Info on the Madison Single
Family Home Market:
MadCityDreamHomes.com/madison-home-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
Shelley Lazzareschi
• 608-215-3873
• shelley@madcitydreamhomes.com

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Madison WI Real Estate Update: November and December 2016

1. Madison WI Real Estate Market Update Single Family Homes NOVEMBER and DECEMBER, 2016 All Data is Sourced from the SCWMLS Database Compiled by Dan Miller, MadCityDreamHomes.com Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071

2. 2016 Madison Single Family Market Nov/Dec Real Estate Update Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071  The market favors SELLERS, especially for prices under $400,000  Prices are up 6% and at RECORD HIGHS  HISTORICALLY LOW Housing Supply Favors Sellers  Demand for Real Estate is STRONG  Expired listings: HISTORICALLY LOW  Days on Market: LOWEST EVER

3. 2016 Madison Home Prices Highest Ever through November Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 ** Madison Home Prices increased 6% through November **

4. 2016 New Single Family Listings: Historically Low through November Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071

5. December Single Family Supply: 1.4 Months – Favors Sellers Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 ** 33% of all listings have an accepted offer ** ** A seller’s market under $400,000 **

6. Madison Home Sales through November Strong Despite Low Inventory Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071

7. 2016 Expired Listings through Nov Lowest on Record In Madison Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Sign of a SELLERS MARKET

8. 2016 Listing Expiration Rate Lowest Rate Ever through Nov Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Another Positive Indicator for Sellers

9. 2016 Days on Market through Nov Lowest on Record in Madison Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 ** Avg Days on Market = 37 Days ** Another Sign of a SELLERS MARKET

10. For More Info on the Madison Single Family Home Market: MadCityDreamHomes.com/madison-home-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 Shelley Lazzareschi • 608-215-3873 • shelley@madcitydreamhomes.com