Here's our latest insight into the Dane County condominium market, covering the month of July, 2023.

July Dane County condo prices

Madison area condo prices continued to rise in July, and by all measures:

• The price per square foot of $226 rose by 8 percent from $210 in July of 2022.
• The median price of $322,500 jumped by 17 percent.
• And the average price of $359,203 soared by 23 percent.

Note: Because the number of condos sold each month is relatively small, the monthly numbers can experience dramatic swings. However, these numbers for the month of July are consistent with how the condo market has been performing throughout the year.

New MLS listings

Only 122 condos were listed for sale in July, which was a decrease of

Buying your dream home in this market isn't easy, but it's possible. It becomes probable when you have a good plan and a caring and committed team supporting you. And it all begins with a conversation. 

We love how these Madison homeowners use art and a splash of color to beautify their yard. Our days are a little lighter and brighter when we encounter another person's art :)

Here's our latest insight into the Dane County single family home market, covering the month of July, 2023. 

July Dane County home prices

Madison area home prices continued to rise in July, and by all measures:

• The price per square foot of $225 rose by 6 percent from the $213 in July of 2022.
• The median price of $446,154 also grew by 6 percent.
• And the average price of $505,915 increased by 5 percent. 

We're expecting prices to continue to rise for the foreseeable future based on all of our current supply and demand trends -- keep reading for more insight.

July MLS listings

As the chart below shows, MLS listing activity decreased significantly last summer when interest rates moved sharply higher. And listings have been

Being on a supportive team gives us the luxury to ask for help when we need it. It also assumes that we give generously when a team member, or a team member's client, needs our support. 

Ultimately, being on a team empowers each of us to take better care of our clients, our families, and ourselves. We all lead better lives when we choose to work in community, not competition, with each other. 

We've entered the heart of the summer season, when showing activity subsides from the peak market of the spring. And showings will continue to slow throughout the second half of the year, as they do every year, here in Dane County. 

At the same time it's important to know that prices keep rising in the Madison area, even though buyer activity is slowing. We'll have a lot more to share on this topic, coming to our blog real soon. 

Take a stroll or a bike ride around town and you're likely to notice more and more homeowners opting for the beauty and simplicity of native landscapes.

The benefits of native landscapes

Natural landscapes can be low maintenance and very easy to maintain, but they offer a number of other environmental benefits, too. For starters, they require little or no, fertilizers and chemicals. Native plants have extensive root structures that conserve water and prevent erosion and run-off from our yards. And vitally important, native plants provide food and shelter for the insects, pollinators, birds, and other wildlife that share the earth with us. 

How to get started with your own natural yard

Keep in mind you don't need to transform your entire

It's a low inventory market, for sure, but buyers who remain persistent and patient will find more opportunities to purchase in the months ahead. That's because fewer buyers are home-shopping during the second half of the year, and inventory is slowly rising. And we expect this trend to continue into the fall season, as it typically does each year.

What questions do you have about buying or selling a home in the Madison area? We're always available for a helpful conversation, and we'd love to help you plan for your future.

Have you been thinking about becoming more involved with your community? You might think about joining a "friends group" for a city, county or state park.

What do friends groups do?

Friends groups steward the land by participating in conservation projects, maintaining trails and habitats, controlling invasives, assisting with research, coordinating fundraisers and educational events, among a variety of other projects. 

Joining a friends group offers a wonderful opportunity to connect with the land and learn more about the natural world in community with other people. And, chances are, there's a park near you that needs your help. 

For more information, and to learn more about volunteer opportunities near you, check out these websites:

At Mad City Dream Homes, we're always striving to be a positive influence in the business community and the community at large. And our monthly newsletter is an important part of our goal. With this spirit in mind, if you know someone who might appreciate receiving our monthly mailer, please ask them to contact us. We'd be happy to add them to our list.