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MLS Stats for Madison WI Proper, 1st Quarter 2011

Madison Area Market Data 1st Quarter 2011,  1/1/2011 - 3/31/11 Source: SCWMLS, Madison Proper

Madison Proper Single Family Home Statistics

Average Sale Price: $241,656

Homes for Sale: 1,460

Homes Sold: 332

Average Days on Market: 100

Madison Proper Condo Statistics

Average Sale Price: $194,389

Condos for Sale: 1,103

Condos Sold: 116

Average Days on Market: 188

Dane County Market Update:

Year-to-date, Dane County home sales are behind the first quarter of 2010 but are 7% ahead of the first quarter of 2009. Median prices have remained rather steady over this time period: $203,712 (2011); 200,000 (2010) and $203,000 (2009).

In breaking down the March figures for Dane County between single family homes and condominiums, this year's single family sales (255) trail both 2010 (294) and 2009 (274) totals with the median price ($217,328) very similar to 2010 ($219,950) and 6% ahead of 2009 ($205,087). 

Condominium sales, on the other hand, were 80 in 2011, 86 last year and only 58 in 2009. Median prices have jumped around over this time, from $157,500 in 2011, down to $140,000 in 2010, back to $153,450 in 2009. The most striking statistic is in total active listings - going from 2093 in 2009 to 1393 in 2011 - a 33% reduction over 2 years.