Our Madison area home price index decreased by 2.5% in 2012, but we fully expect that trend to reverse in 2013. With lower supply, rising demand, and trends toward lower days on market and improving listing success rates, we expect 2013 to be the best year in many years for Madison area home sellers.
The Madison area condo market is improving as well, although it remains to be seen whether or not condo values will rise in 2013.
You'll find our full home price index report on the Market Trends menu at DaneCountyMarket.com.
Have a great day,
Dan Miller, Realtor, Keller Williams Realty, www.MadCityDreamHomes.com and www.DaneCountyMarket.com
www.DaneCountyMarketSnapshot.com
www.DaneCountyForeclosureSearch.com
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