Here's how the 2008 Dane County single family home market fared against the market from 2007. All data comes from the South Central Wisconsin MLS:
- Median price: decreased by 1.3% from 2007.
- Active listings on 12/31/2008: decreased by 2.4% from the number of listings on 12/31/2007.
- Sold listings: decreased by 19%.
- Months of inventory on 12/31/08: 7.4 versus 6.2 on 12/31/2007.
- Months of total required marketing time for the average Dane County home: 8.5 months versus 7.1 in 2007, an increase of 1.4 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:
- A year-to-date market snapshot, covering 18 different locations
- How home prices have changed over time
- How home sales have changed over time
- How listing success rates have changed over time
- How marketing time requirements have changed over time
Have a good day,
Dan Miller, Keller Williams Realty and DaneCountyMarket.com
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