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Dane County January home and condo sales near last year's levels

By
Real Estate Agent with RE/MAX Preferred, Madison, Wisconsin

Here's a review of December Dane County home sales from a historical perspective.

The 186 Dane County home sales recorded in January were 1.6% higher than the 183 home sales in January of 2011, and the highest total for the month of January since January of 2007.

Looking back further in time, the January sales total was the 10th lowest out of the 22 Januarys dating back to 1991. Sales in January showed some improvement from a historical context. Previous monthly sales totals in 2011 have ranked at the bottom or very near the bottom when viewed within the context of the last 22 years. 

 

Here's a review of December Dane County condo sales from a historical perspective.

The total of 39 Dane County condo sales recorded in January was 13% lower than the 45 condo sales from January of 2011. Condo sales this January were the lowest for every January dating back to the year 2000, with the exception of January 2009. Here's how January condo sales have trended over the last 22 years.

Looking ahead: Our pending home sales report suggests sales in February will be well above the levels from February of 2011. We anticipate a growing number of home sales in 2012, by as much as 10% or more.

Our pending condo sales report suggests February condo sales will also be well above the sales total from February of 2011. We'll be monitoring the condo market closely as the year unfolds.

Dan Miller, Keller Williams Realty and www.DaneCountyMarket. com

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