Buyer activity was very light in August, with 7 Dane County multifamily listings totaling 20 units selling via the South Central Wisconsin MLS. With sales very low, and inventory very high, it's a great time to invest in multifamily real estate. There are some great opportunities on the market right now. Contact us to learn more about how we can help you with your investment goals.
Here's how sales have been trending over the last 24 months. Only 515 units sold during the most recent 12 months, compared to 591 during the prior 12 month period.
Now put this in context with the sales statistics for the past 9 years. The current demand for multifamily real estate is off by more than 50% from some of the peak sales years earlier in the decade.
You'll find our full multifamily market report on the economic trends page at DaneCountyMarket.com .
Dan Miller, Realtor, Certified Distressed Property Expert, Keller Williams Realty and DaneCountyMarket.com
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