Dane County multifamily real estate sales were strong in November

Seventeen Dane County multifamily listings totaling 49 units and over $4M in sales were recorded in November via the South Central Wisconsin MLS. That's a good month for the multifamily market.

A closer look at the numbers shows the November 30th deadline for the previous version of the home buyer tax credit had a big impact on the market. Thirteen of the 17 listings that sold during the month were for duplexes, as buyers choosing to owner occupy closed in time for the deadline.

We've stated repeatedly over the past several months that it's a great time for investors to learn more about the multifamily market. With over 3 years of inventory and a strong trend toward lower prices, the market has clearly shifted in favor of the buyer investor.

For more details on the Dane County multifamily market, you can check out our monthly report on MadisonIncomeProperties.com.

Dan Miller, Realtor, Certified Distressed Property Expert, Keller Williams Realty and DaneCountyMarket.com