What happens after a tax credit deadline passes?
Sales decrease.
Our preliminary review of data from the South Central Wisconsin MLS shows a total of 253 Dane County homes and condos sold in December, compared to 289 sales from a year ago - a decrease of 12%. A total of 5,455 homes and condos sold during the 2009 sales year, compared to 5,336 in 2008 - an increase of 2%.
You may remember home and condo sales more than doubled in November, as first-time home buyers rushed to cash in on the previous tax credit prior to the November 30th deadline. We do expect home and condo sales to rise similarly once again as we near the deadline for the extended and enhanced tax credit.
You can view our full report on the December Dane County home and condo market here.
Have a great weekend,
Dan Miller, Realtor, Keller Williams Realty and DaneCountyMarket.com
Saturday, January 16, 2010
Dane County December market update
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