Here's our latest unbiased view of the Dane County condominium market, updated for the month of March, 2023.
Competing offers
The competition for condos in early 2023 is at an all-time high. Based on our preliminary data for the month of February, 49% of all contract signings involved multiple offers. This is a very high percentage for this time of year, and a clear sign that prices will be strong in the months ahead. There is still plenty of pent-up demand for condos in Dane County.
New condo listings
Madison area condos continue to enter the market at a slow pace. March condo listings decreased 28% year-over-year and were lower by 24% year-to-date.
Condo inventory
Condo supply is running at an all-time low, with only .6
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