Here's how the 2008 Dane County single family home market through the month of September fared against the market from the first 9 months of 2007. All data comes from the South Central Wisconsin MLS:
- Median price: decreased by 1.2% from last year.
- Active listings: decreased by 2.7%.
- Sold listings: decreased by 19.4%.
- Months of inventory: increased from 7.4 to 8.9, an increase of 1.5 months.
- Months of total required marketing time for the average Dane County home: increased from 6.5 to 7.8, an increase of 1.3 months.
The Dane County single family home market varies from the condo market in a few key ways:
- Months of inventory are much less in the single family home market - by about 50%.
- The average marketing time is much less in the single family home market - by more than 50%.
- Sales volume has been decreasing at a slower rate in the single family home market. In fact home sales increased in September for the first time in 32 months.
For more information on the Dane County single family home market, you'll find the market updates below useful. All can be found on the real estate trends page at DaneCountyMarket.com:
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