Dane County Single Family Home Price Trends

The Dane County real estate market has experienced a cooling over the last two years, following the overall national trend. Fortunately the effects on our local market have been much less severe than in many other parts of the country. This is especially true when it comes to price trends.

The median price trend for Dane County homes (excluding condos) was positive for the entire decade through the year 2007. In the year 2000, the median Dane County home price was $154,500. By 2007, the median price jumped to $232,000. Price growth was positive every year during the first 8 years of the decade but slowed to .9% in 2007.

The year-to-date median price through the month of April (excluding condos) is lower this year compared to the same time period in 2007. Thus far, the Dane County median price for a single family home is 2.2% lower than the median price from last year.

While many areas around the country have experienced double digit price declines, our local market has weathered the storm fairly well. Of course buyers by and large hold all of the leverage right now. We'll cover how buyers are using this leverage in a future post. For our next post, we'll cover the most recent price trends for Dane County condos.

For more information on Dane County single family home price trends and statistics, visit our monthly price report at DaneCountyMarket.com