Only 8 Dane County multifamily listings totaling 21 units sold via the South Central Wisconsin MLS in October. As you'll see below, the demand for multifamily real estate has decreased significantly in the last year.
This trend is even more apparent when viewed in the context of the past decade. The 455 units sold over the last 12 months are lower by 58% from the 1,077 units sold during the peak sales year of 2002.
As we've pointed out before, with high supply and low sales, now is a great time to learn more about multifamily real estate. For more on the multifamily market, you can check out our monthly report on MadisonIncomeProperties.com.
Dan Miller, Realtor, Certified Distressed Property Expert, Keller Williams Realty and DaneCountyMarket.com
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