We've reviewed how prices have changed for Madison homes that sold twice via the MLS over a short period of time. Sixty-one percent of those homes on the west side sold the second time around at a price that was at or above the most recent selling price. On the east side, forty-seven percent of those homes sold at or above the most recent purchase price.
We've taken the same look at price trends for a number of other Dane County communities. Overall, 50% of the homes we sampled sold the second time around for a price that was at or above the most recent selling price. The results for each community are summarized below.
We've posted the full list of transactions for each of these communities on the real estate trends page at DaneCountyMarket.com. These links will take you to the transaction list for each community:
- Cottage Grove
- DeForest
- Fitchburg
- McFarland
- Middleton
- Monona
- Mount Horeb
- Oregon
- Stoughton
- Sun Prairie
- Verona
- Waunakee
How did we come up with our data? First, we identified all of the homes that sold via the MLS in 2008. Then we identified the subset of these homes that also sold on the MLS during either 2005, 2006 or 2007. For each of these homes we calculated the price difference between the first and second sale.
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