Dane County home sales slower in August

In Dane County, 685 homes and condos were sold in August, down considerably from the 883 sold in August 2013. Year to date, sales are trailing 2013 by 9.5%, according to the South Central Wisconsin MLS.

It took slightly longer to sell a home in August, compared to July, as the supply of inventory is now approaching the five-month mark (4.84 months). Dane County’s median sale price was $230,000 in August, compared to $220,000 last year, but the average sale price for the month increased slightly, from $256,366 in August 2013 to $257,048 this year.