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Madison WI Condo Market Trends: Oct and Nov 2016

The Madison condo market remains very strong as we approach the end of 2016. Get all the latest details here.

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Madison WI Condo Market Trends: Oct and Nov 2016

  1. 1. Madison Wisconsin Condominium Market Trends OCTOBER and NOVEMBER, 2016 All Data Sourced from the South Central WI MLS Compiled by Dan Miller, MadCityDreamHomes.com Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
  2. 2. Madison WI Condo Market October/November 2016 Summary Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071  A STRONG MARKET continues for Madison condo sellers  The market is VERY FAVORABLE for sellers with condos priced under $250,000.  Condo sales are HIGH even though inventory is low  Condo listings are expiring at LOW levels  Condos are selling FASTEST THAN EVER  Madison condo prices are NEARING PEAK HIGHS
  3. 3. 2016 Madison Condo Prices Nearing Historical Highs Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 ** Condo prices are up 5% through October, 2016 **
  4. 4. Nov Madison Condo Supply Only 2.7 Months of Inventory Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 29% of all listings have an accepted offer.
  5. 5. 2016 New Madison Condo Listings: Low Supply of Incoming Listings Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Low supply of New MLS listings is benefitting sellers.
  6. 6. 2016 Madison Condo Sales 4th Highest Ever through October Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
  7. 7. 2016 Expired Condo Listings Lowest Ever through October Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Sign of a SELLERS MARKET
  8. 8. 2016 Condo Expiration Rate Lowest Expiration Rate on Record Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Indicates a SELLERS MARKET
  9. 9. 2016 Condo Days on Market: Lowest Ever through October Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 A result of low supply and high demand
  10. 10. For More Info on the Madison Condominium Market: MadCityDreamHomes.com/madison-condo-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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The Madison condo market remains very strong as we approach the end of 2016. Get all the latest details here.

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