Market Statistics for Dane County and Madison, Wisconsin - Average Days on Market

By
Real Estate Agent with Keller Williams Realty

The question posed, is this market increasing the days on market for single family detached homes in the area?  Here is what the statistics are showing:

Average Days on Market for East Madison:

2006: 53 (1,147 homes sold)

2007: 61 (1,113 homes sold)

2008 (YTD): 77 (633 homes sold)

 

Average Days on Market for West Madison:

2006: 60 (1,682 homes sold)

2007: 70 (1,561 total homes sold)

2008 (YTD): 67 (935 homes sold)

 

Average Days on Market for Dane County (excluding Madison)

2006:  57 (2,238 homes sold)

2007:  68 (2,186 homes sold)

2008 (YTD):  90 (1,193 homes sold)

 

So, while we are seeing a slight increase in total days on market, the average is still under 90 days. The stats are also showing a slight decrease in the total number of homes sold as well.  However, the average sales price is holding steady, and increasing in many parts of the area.

Comments (3)

Obeoman Glade Jones
www.obeo.com - Salt Lake City, UT

Mindy!

And with more pictures on a virtual tour, you probably can take even MORE DOM!

Steve

Obeoman

Aug 22, 2008 10:19 AM
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Mindy

It is looking better. Keep up all the hard work.

Sincerely

Tom BRaatz

Aug 22, 2008 11:03 AM
Matt Heitmann
Heitmann Homes LLC - Stoughton, WI

Hopefully we have reached the bottom of this slump.

If not, I feel that we are getting very close to an upswing.

Also, if you have any listings that may need a short sale negotiated, feel free to contact me.

If you have any buyers interested in discounted short sale homes, I may have just what you are looking for.

Thanks for the stats!

-Matthew

Aug 27, 2008 07:04 AM