8/31 Months of Inventory by Price Range

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The snapshot below shows how Dane County months of inventory vary by price range. Note: buyers will tend to have more leverage - and sellers less - in the price categories where inventory is very high. Months of inventory by price range - homes The August 31st inventory level for Dane County homes was 9.1 months. Homes priced under $275,000 had inventory levels well below the Dane County average. Homes priced at $325,000 and higher had inventory levels well above the Dane County average. How months of inventory have changed year-over-year - homes Spurred by the tax credit, months of inventory for Dane County homes have improved for most price categories. We expect inventory levels to rise on a year-over-year basis due to the change in the market since the tax credit expired. How active listings have changed year-over-year - homes Active listings for Dane County homes have increased for all price categories under $325,000. Active listings have decreased for many of the higher price categories.   How sales volume has changed year-over-year - homes Sales have increased in almost every price category. We expect this trend to reverse over the coming months due to a slower market since the expiration of the tax credit. Months of inventory by price range - condos The August 31st inventory level for Dane County condos was 14 months. Inventory levels were high across all price ranges. Condos priced under $175,000 tended to have the lowest inventory levels.  How months of inventory have changed year-over-year - condos Although still high, months of inventory for Dane County condos have dropped in many price categories. Months of inventory have grown significantly for condos $600,000 and higher. We expect inventory levels to rise for other price categories in the coming months due to the slower, post-tax credit market. How active listings have changed year-over-year - condos Active condo listings have decreased in almost every price category.  How sales volume has changed year-over-year - condos Sales volume has increased significantly for condos under $200,000. Sales have decreased at the highest price points. Condo purchase activity has decreased since the expiration of the tax credit, so we expect these numbers to change over the coming months.  Related Articles How active listings have changed over time How months of inventory have changed over time Months of inventory by location - homes Months of inventory by location - condos About Us This market update is provided courtesy of Dan Miller and Shawn Kriewaldt of Keller Williams Realty and DaneCountyMarket.com. For more information, please contact Dan at 608-852-7071 (danielmiller@kw.com) or Shawn at 608-212-5743 (shawnkriewaldt@kw.com). Don't forget: if you're buying or selling, whether your timeline is 3 months or 3 years, we can help. Track the Market and Search for Real Estate Did you know you can receive our articles and monthly updates via email? Just go to our newsletter sign-up, enter your email address, and select your topic(s) of interest. Our real estate search tools are easy-to-use. Learn how you can simplify your search by saving your search settings, receiving email updates, and tracking your own list of "favorite" properties.  Search for South Central Wisconsin Real Estate Now Email this article to a friend: Email To: Email From: Name of Sender: Optional Message: Please enter the numbers/characters in the picture for verification *  Back