Growth of home sale prices may be flattening
Dane County housing prices increased 4.2% over last year, although increases have slowed slightly with just a .6% increase over last month, according to a report from the Realtors Association of South Central Wisconsin. In all south central Wisconsin MLS regions, sales prices increased, averaging a 6.2% increase over last year.
Dane County’s housing market supply is at 3.4 months compared to the national supply of 4.1 months. For perspective, a six-month supply is considered a balanced market for the buyer and seller. The lower the figure, the more the market shifts to the seller’s advantage.