Our analysis of data from the South Central Wisconsin MLS shows multi-family properties are becoming more affordable when calculated on a per unit basis. The Dane County average price per multi-family unit over the last 12 months was $83,822, down 10% from the average per unit price of $93,163 from the previous 12 month period.
The price decline actually started in 2007, when the average per unit price was $90,851, down 14.7% from the 2006 per unit price of $106,535.
The multi-family market has swung toward buyers in other ways, too. Inventory is high, sales volume is low, and expired listings are way up. Cash-flowing a Dane County property has been a challenge for many investors in the past, but the shift in the market could very well create some new opportunities for those who seek them out.
You'll find our full multi-family real estate report on the economic trends page at DaneCountyMarket.com.
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