Monday, December 8, 2008

How often do Dane County listings result in a closing?

Data from the South Central Wisconsin MLS shows about one out of every two single family home listings results in a sale. Note how listing success rates vary by location. Locations within and around Madison tend to have success rates above 50%. Locations further away from Madison tend to have success rates under 50%.

In the condo market, about 1 in 3 listings results in a sale.

The listing success rate is one way that we can measure the relative effort required to sell a home. To see how success rates for homes and condos have changed over time, you can visit the real estate trends page at DaneCountyMarket.com.

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