About 7.8 months (236 days), based on our year-to-date calculations using data that is available from the South Central Wisconsin MLS. Last year's average through the month of June was about 6.6 months (201 days).
For frame of reference, the average time required to sell a home during the first 5 years of the decade was consistently in the range of 3 months (about 90 days).
This statistic, perhaps more than any other, shows just how competitive the market has become. Yes, the market is experiencing price pressures, but the time and effort that goes into selling a home has changed dramatically over the last 3 years.
We'll be providing an update on the average time required to sell a Dane County condo in the near future. For related articles you can visit these pages at DaneCountyMarket.com:
- Days on Market Trends, updated monthly with the latest Dane County statistics and trends
- Selling Real Estate, for articles and tips on selling real estate in Dane County
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