On June 30th we measured the number of active MLS listings for Dane County homes and condos. Then we compared those listing levels to the levels of June 30th, 2007. Here are the results:
- Dane County homes: 3,321 on 6/30/08 compared to 3,455 on 6/30/07
- Dane County condos: 2,263 on 6/30/08 compared to 2,705 on 6/30/07
- Homes and condos combined: 5,584 on 6/30/08 compared to 6,160 on 6/30/07
Even though fewer homes and condos are on the market this year compared to last year, the months of inventory for Dane County homes and condos are at historically high levels:
- Dane County homes: 8.8 mos on 6/30/08 compared to 8.2 mos on 6/30/07
- Dane County condos: 17.4 mos on 6/30/08 compared to 17.6 mos on 6/30/07
- Homes and condos combined: 11 mos on 6/30/08 compared to 10.7 mos on 6/30/07
The 11 months of combined home and condo inventory are a new high for Dane County. With the number of active listings down by over 9% from last year, how is it that the months of inventory are at historically high levels? The reason is the demand for homes and condos has slowed in recent months. With fewer buyers out in the market, sellers continue to face a very competitive landscape.
Related Articles:
- Active listing trending at DaneCountyMarket.com
- Months of inventory trending at DaneCountyMarket.com
- Months of inventory by location for homes and condos at DaneCountyMarket.com
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