We convey you the most recent info on the Dane County condominium market, full of loads of insights and observations. Have questions on shopping for or promoting a condominium within the Madison space? Be at liberty to contact us for a useful dialog. We might be blissful to assist. Our July report is…
Madison Space Condominium Costs
Value per sq. foot in Dane County elevated from $226 in July 2023 to $234 in July 2024, a rise of 4%. By way of the primary seven months of the yr, worth per sq. foot has elevated 7%. We’re seeing indicators that house worth will increase are moderating, which might be a optimistic step towards a extra balanced market. We might be monitoring house costs intently over the approaching months.
New MLS Itemizing
A complete of 158 flats had been listed on the market on the MLS in July, an enchancment over July 2023. As promoting exercise slowly improves, accessible provide can be starting to extend (see beneath).
Energetic Condominium Listings
Energetic listings (these with no accepted affords) are on the rise in 2024. As of August 6, there have been 195 lively listings (or 1.8 months provide) accessible on the market on the MLS. The addition of a number of new condominium communities is bettering the provision of condominiums in Dane County.
Accepted Provides
Patrons are making extra affords in response to extra stock: A complete of 118 Dane County condos went below contract in July, which is an enchancment over the 96 condos that went below contract in July of 2023. You may see from the chart beneath that purchaser exercise continues to be pretty low in comparison with most years since 2000.
