The market this year is playing out as expected. Inventories are historically low. Properties are selling quickly. And prices are rising rapidly throughout Dane County. Here's a quick market snapshot covering a few of the county's largest communities.
Home Prices
We use the price per square foot to track the change in local home prices. Property values are rising rapidly and setting new highs in Fitchburg, Madison, Sun Prairie, Verona and Waunakee. We expect Middleton home prices to reach new highs within a few months.
Low inventories and strong demand are driving prices higher. Bidding wars and "escalation clauses" have become very common this spring, especially for listings priced under $350,000.
Condo Prices
The condo market used to be