1914 Monroe St

Madison, WI 53711

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Challenging Our ‘One of the Best Places to Live’ Status

Challenging Our ‘One of the Best Places to Live’ Status

Recently, U.S. News highlighted Madison as the number 16 best place to live in the United States. That is fantastic. However, the article should be taken at face value. Madison often gets put on these lists. We can celebrate this AND we need to question what metrics are being used to get us on this list. Additionally, if it is based on responses from people being interviewed, who are they interviewing?

Real Estate Market Update, 1Q 2021

Real Estate Market Update, 1Q 2021

1st Quarter Real Estate Market Update

Exploring how sales in South Central Wisconsin compared to last quarter and last year, we found that 1st quarter sales in 2021 ended with 2,989 homes being sold. Compared to the 4th quarter of 2020, sales went down 36.5%, but that is a normal trend as buying and selling during the winter months isn’t as popular. However, sales this quarter are up 4% compared to the number of homes sold in the 1st quarter of 2020. The quarter ended with an average sale price of $265,000, which is a 10.7% increase from the 2020 1st quarter.

*Source: Wisconsin Realtors Association.  If you are interested in learning more about Wisconsin’s housing statistics, click here

Total number of Homes & Condos for Sale (as of 4/14/2021) – City of Madison and Surrounding*

Single Family Homes 202
Condos 68

1st Quarter Sales – City of Madison and Surrounding*…