Market SnapShot – Dane County

Market-SnapshotLast week in Dane County we saw 144 new homes come on the market.  Of the 144 homes, 16 got accepted offers and 26 are currently being withheld from the market.  The Dane County housing market is still a ‘seller’s market’.   A seller’s market occurs when their are more buyers than homes listed (supply vs. demand).  Many new homes that are being listed between $150,000-$300,000 are seeing multiple offers within a day or two of being listed on the MLS.

For home buyers, interest rates have inched up a little over the past few weeks but still remain low compared to historical standards.  Experts predict that interest rates will continue to increase during the next two quarters and by the end of the 4th quarter will end around 5%.  Our buyers are seeing great success in this market as we have a few tricks up our sleeves to give our buyers the advantage.  One of the advantages our buyers have is with the HomeScout app.  The only app that directly connects to the MLS and filters homes that have accepted offers or that are sold.  It’s also safe and secure, and your information is never sold to anyone (no random phone calls 🙂 To download the app click here!

Dane County Housing Numbers

New homes 144 Homes

Accepted Offers 16 Homes

Currently Withheld from market 26 Homes

Sold Homes 39 Homes

Current Homes on Market 615

Under 150,000 – 16 Homes

$150,000-$200,000 – 32 homes

250,000-300,000 – 56 Homes

300,000-400,000 – 155 Homes

400,000-500,000 – 128 Homes

500,000-1,000,000 – 154 Homes

1,000,000+ 29 Homes

To get a detailed listed of homes on the market please download the HomeScout App (VIP Badgers) or contact us by filling out the form below.

 

 

All information provided from John Reuter, a licensed Realtor with Home Buyers Marketing II Inc.

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