The Dane County condo market continued to break more records in December as strong demand and low supply drove prices higher. Here's our latest Madison area condo report covering all the latest trends.
Dane County condo prices
The condo price per square foot increased by 14% in December and by 12% year-to-date. Prices were strong by other measures, too. The median condo price increased by 10% in December and 13% in 2021, while the average price increased by 19% in December and 12% for the year. No matter how you measure them, condo prices rose by double-digits in 2021.
Dane County condo supply
Only .6 months of supply and 100 units were available for sale as of January 8th. Inventory is tight in all price categories right now, especially
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