On August 8th we took a snapshot of the Dane County condo market and measured the months of inventory by price range. The results show an especially competitive market for condos priced $600,000 and up. For example, take a look at the $800,000 and up price category. A total of 28 condos were on the market as of August 8th, but only 4 units in this price category had sold during the previous year. That's 84 months - or 7 years - of inventory.
It's no surprise we are seeing aggressive buyer incentives and new prices for some of Madison's luxury condo developments. Stay tuned as we take a look at the months of inventory by price range again later this year.
For additional information on Dane County condo months of inventory, check out these pages at DaneCountyMarket.com:
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