1914 Monroe St

Madison, WI 53711

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Real Estate Market Update, 2Q 2021

Real Estate Market Update, 2Q 2021

2nd Quarter Real Estate Market Update

Exploring how sales in South Central Wisconsin compared to last quarter and last year, we found that 2nd quarter sales in 2021 ended with 4,817 homes being sold. Compared to the 1st quarter of 2021, sales went up 38%, that is a normal trend as buying and selling during the spring is popular. Sales this quarter are up 8% compared to the number of homes sold in the 2nd quarter of 2020. The quarter ended with an median sale price of $300,000, which is a 11.4% increase from the 2021 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 7/15/2021) – City of Madison and Surrounding*

Single Family Homes 318
Condos 90
Real Estate Market Update, 4Q 2020

Real Estate Market Update, 4Q 2020

4th Quarter Real Estate Market Update

Exploring how sales in South Central Wisconsin compared to last quarter and last year, we find that 4th quarter sales in ended with 4,696 homes being sold. Compared to the 3rd quarter, sales went down 15.2%, but that is a normal trend. However, sales this quarter are up 24.2% compared to the number of homes sold in the 4th quarter of 2019. The quarter ended with an average sale price of $265,000. This was only slightly lower than the previous quarter, but it was above the average sale price for the year, which was $260,000.

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 1/15/2021)

Single Family Homes 460
Condos 250

4th Quarter Sales – City of Madison and Surrounding*

Real Estate Market Update, 3Q 2020

Real Estate Market Update, 3Q 2020

3rd Quarter Real Estate Market Update for Madison & Surrounding Areas*

This year has been anything but typical for everyone. Not surprising, the real estate market has also been impacted by the pandemic, shifting our normal seasonal activity, and also continuing to see robust increased sales prices and low inventory. Low interest rates help and the industry has successfully shifted safety measures significantly to make buying and selling a home possible. As a community, we are resilient and adaptable and you’ll see that in the numbers as well as the stories we share from our clients.