November 2008: Dane County versus National Trends

Here's how November sales and prices trended at both the local and national levels. Data comes from the South Central Wisconsin MLS and the National Association of Realtors.

Home and condo sales: November Dane County home and condo sales were down 37% from November of 2007. At the national level, sales volume was lower by 17%. One reason for the discrepancy between the local and national numbers is some of the overheated markets out west that fell very hard and very fast have started to rebound with more sales. According to the NAR, November sales in the western region of the United States increased by 9% from the previous November.

Home and condo median price: The Dane County November median price was down 1.8% from November of 2007. At the national level, the median price was lower by 12.3%. Prices in the Dane County market proved once again to be more stable than prices in many other parts of the country.

You can view the NAR national numbers for the month of November here. The local numbers are available at DaneCountyMarket.com.