Now that we have 6 months of the year under our belt, it's a good time to review the first half of the sales year.
Check out the graph below. It shows January through June Dane County home and condo sales over the last 13 years. All data comes from the South Central Wisconsin MLS.
Sales volume this year is at its lowest point since 1997 - and 42% off the peak year of 2005. What the graph doesn't show is the drop in sales this year has come at the expense of higher priced real estate.
Overall, home and condo sales are down 16% from last year. For homes and condos selling between $400K and $499,999 the decrease is 42%. At $500K and up the drop is a whopping 57%.
Clear implications for both buyers and sellers in the higher price categories.
Dan Miller, Keller Williams Realty and DaneCountyMarket.com
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