Fewer Dane County homes are on the market, but months of inventory have reached new highs

We took a snapshot of the Dane County MLS inventory on July 31st and compared current inventory levels to the levels from July 31st of last year.

There are fewer active listings on the Dane County real estate market right now compared to the same time last year:

• Homes: 3,293 active listings on July 31st, down by 45 from last year
• Condos: 2,241 active listings on July 31st, down by 231 from last year
• Combined: 5,535 active listings on July 31st, down by 276

The trend toward fewer listings is a step in the right direction for the market; however, months of inventory have risen to new highs due to the recent decrease in sales:

• Homes: 9 months on July 31st, up from 7.9 months last year
• Condos: 18.3 months on July 31st, up from 16 months last year
• Combined: 11.3 months on July 31st, up from 10 months last year

We'll continue to track the latest Dane County inventory trends throughout the year. For more information, you can also visit these links on DaneCountyMarket.com:

• Active listing update
• Months of inventory update
• Months of inventory by location - homes
• Months of inventory by location - condos