This year is proving to be another hot seller's market for owners of single family homes and condos in the Madison area. Here's our latest update on how inventory, prices, and other key measures are performing though March and April of 2018.
April 2018 Inventory
Condo supply continues to run lower and lower in the city of Madison. This graph shows inventory is now at a new low, having decreased from 2.4 months in April of 2016, to 1.3 months if April of 2017, to only 1 month in April of 2018.
Single family home supply is even lower, having decreased from 1.3 months to only .8 months over the last two years.
March New Listings
We expect persistently low inventory throughout all of 2018. New condo listings were a scarce
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