ARCHIVED BLOG POSTS
2010
Over the last 12 months, 489 Dane County multifamily units (units, not properties) have sold via the South Central Wisconsin MLS. A total of 1,723 units have seen their listings expire without a sale. As you will see from the graph below, multifamily sales were in the range of 1,000 units sold pe...
10/18/2010
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According to the latest Freddie Mac weekly mortgage market survey, mortgage rates have dropped to record lows once again. As of October 14th, the average commitment rate for a 30 year fixed rate loan was 4.19%. The rate for a 15 year fixed rate loan was 3.62%. Here's the trend over the last 20 we...
10/17/2010
The two pictures below provide a good representation of how the market has changed over time. This first picture shows the monthly year-over-year change in Dane County home sales dating back to January of 2005. The peak year for Dane County real estate was 2005, when we first started seeing some ...
10/16/2010
We've published our September home and condo report on DaneCountyMarket.com. For a quick overview, see the summary below. Dane County home and condo sales decreased by 37% from last September, and were down 4% year-to-date. The median home and condo price was up 14.3%, due primarily to an increas...
10/15/2010
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According to the California Department of Real Estate, the number of Californians with a real estate sales person license is down 18 percent from the peak. These articles from Calculated Risk and the North County Times provide more details. In the past, back when the market was ultra hot, many pe...
10/15/2010
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Out of town buyers are different from local buyers in that many out of towners do not have a preconceived notion of the exact city, neighborhood or school district in which they want to live. Relocating buyers tend to have more flexibility than local buyers. Quite often an out of towner's home se...
10/11/2010
Here's a look at September home and condo sales from a historical perspective. Our full September home and condo report will be released in the next few days. Prior to this September, the lowest September total for Dane County home sales was the 277 homes sold in September of 1991, the earliest a...
10/10/2010
Dane County foreclosures decreased on a year-over-year basis in September, but posted the 3rd highest monthly total on record. A total of 167 Dane County foreclosures were filed in September, a decrease of 9.2% from the record high of 184 foreclosures filed in September of 2009. The second highes...
10/10/2010
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We know the Dane County housing market is healthier than most other markets around the country. This graph provides a good example of how well our market compares to other more local markets. It's a buyer's market for Dane County condos, but still a much more balanced one than the markets in ot...
10/08/2010
Housing starts in September increased on a year-over-year basis for the first time in 5 months. You'll find our full housing start report on the real estate trends page at DaneCountyMarket.com. Here's how housing starts have trended for every September dating back to 1991. Housing starts in Septe...
10/07/2010
Rainer
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Dan Miller
Helping you Buy and Sell in Madison, Wisconsin