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Madison Wisconsin
Condominium
Market Trends
SEPTEMBER and OCTOBER, 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
Madison WI Condo Market
September/October 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
2016 Madison Condo Prices
Nearing Historical Highs
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
** Condo prices are up 6%
through September, 2016 **
Oct Madison Condo Supply
Only 2.8 Months of Inventory
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
27% of all listings
have an accepted offer.
2016 New Madison Condo Listings:
Low Supply of Incoming Listings
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Low supply of
incoming listings is
benefitting sellers.
2016 Madison Condo Sales
4th Highest Ever through Sept
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
2016 Expired Condo Listings
Lowest Ever through September
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Sign of a
SELLERS MARKET
2016 Condo Expiration Rate
Lowest Expiration Rate on Record
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
Indicates a Strong
SELLERS MARKET
2016 Condo Days on Market:
Lowest Ever through September
Dan Miller, RE/MAX Preferred
www.MadCityDreamHomes.com (608)-852-7071
A result of
low supply and
high demand
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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Madison WI Condo Market Trends: Sept and Oct, 2016

  • 1. Madison Wisconsin Condominium Market Trends SEPTEMBER and OCTOBER, 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. Madison WI Condo Market September/October 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. 2016 Madison Condo Prices Nearing Historical Highs Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 ** Condo prices are up 6% through September, 2016 **
  • 4. Oct Madison Condo Supply Only 2.8 Months of Inventory Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 27% of all listings have an accepted offer.
  • 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 incoming listings is benefitting sellers.
  • 6. 2016 Madison Condo Sales 4th Highest Ever through Sept Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071
  • 7. 2016 Expired Condo Listings Lowest Ever through September Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Sign of a SELLERS MARKET
  • 8. 2016 Condo Expiration Rate Lowest Expiration Rate on Record Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 Indicates a Strong SELLERS MARKET
  • 9. 2016 Condo Days on Market: Lowest Ever through September Dan Miller, RE/MAX Preferred www.MadCityDreamHomes.com (608)-852-7071 A result of low supply and high demand
  • 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