Listing success rates for the Dane County Commercial market were at or above 24% during the first 6 years of the decade. Success rates then decreased in 2006, 2007 and 2008.
That trend continued in 2009. As of November 30th, the listing success rate over the prior 12 months was 6.8%.
Comparing the commercial success rate to the success rates from other forms of Dane County real estate puts the commercial market in perspective.
* commercial success rate = 6.8%
* multifamily success rate = 19.8%
* condo success rate = 38.3%
* single family home success rate = 57%
For more on the latest commercial real estate trends, you can check out our commercial real estate update on the economic trends page at DaneCountyMarket.com .
Dan Miller, Realtor, Certified Distressed Property Expert, Keller Williams Realty and DaneCountyMarket.com
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