Dane County home and condo sales up 126% in November

Our preliminary statistics from the South Central Wisconsin MLS are in for the month of November, and the headline is not a typo.

Dane County home and condo sales jumped from 212 in November of 2008 to 479 last month, an increase of 126%. November's median price for Dane County homes and condos was $192,000, down from last November's $215,950, a decrease of 10.7%.

The huge increase in sales was due to two factors. First, sales last November plunged after the stock market crashed in September of 2008. Second, many home buyers this November rushed to cash in on the first-time home buyer tax credit that was set to expire on November 30th.

For more details, your can check out our full report at DaneCountyMarket.com .

Dan Miller, Realtor, Certified Distressed Property Expert, Keller Williams Realty and DaneCountyMarket.com