Madison Housing Market Going Up
After home sales started falling last year, I saw a lot of doom and gloom commentary from "experts" afraid that we would enter a 10-year housing slump. Thanksfully, home sales in Madison (and Dane County) are on the rise again. Home prices still haven't completely rebounded, but I'm glad to see that they're starting to sell again -- at any price. As a new homeowner, don't want to see the market start stagnating!
The local residential real estate market is showing signs of recovery, a local real estate official says.
The 604 sales reported in April in Dane County were 11.4 percent below the 682 last April, according to statistics released Thursday by the Realtors Association of South Central Wisconsin.
But that is not as bad as the 20.1 percent decline for the first four months of this year compared to the same period of last year -- 1,802 to 2,006.
And RASCW Executive Director John Deininger said sales this year have improved more than they typically do as the weather warms -- by 8.0 percent from January to February, 47.0 percent from February to March, and 23.6 percent from March to April.
This entry was tagged. Good News Home Ownership Madison