Tuesday, November 4, 2008

How Dane County home and condo inventory levels vary by location

The single family home market continues to follow one very consistent theme: months of inventory tend to be lowest within and around Madison. The Madison West, Madison East, Cottage Grove, Verona and Monona locations all had less inventory than the Dane County average of 8.6 months. Here's how inventory levels stood as of October 31st:


There is no such pattern in the Dane County condo market, which had 18.9 months of inventory on October 31st.

Inventory levels are important because buyers tend to have the upper hand in areas where the months of inventory are very high. If you're thinking of buying or selling, your realtor can help you better understand your market by calculating the months of inventory for your neighborhood or subdivision.

For more information on Dane County inventory, feel free to check out these reports on the buying real estate and selling real estate pages at DaneCountyMarket.com:

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