The 2019 Inside Scoop
2019 was a steady year for the Dane County housing market. Unit sales were down slightly, but there was a 2.7% increase in total dollar sales. The average & median sale price was up 4.4% and 6.2% respectively and average sold $/SqFt increased by 3.8%. These increases were likely due to lower inventory levels & increased buyer demand.
Although it is still a seller’s market, there are certain areas of dane county where properties are staying on the market a little longer. The average days on market for 2019 was 42 days. Looking into 2020, we expect that multiple offers within days of going on the market may be less common.
As a Seller, it is important to be priced correctly & have a thoughtful marketing plan/listing strategy. Work with an experienced real estate professional that can create a plan to help reach your goals. As a buyer, it is important to partner with an agent who understands the details of your search, can keep you informed about market activity, help you react quickly to new opportunities, and has experience negotiating creatively with offer terms to put you in the best position possible.
The spring market is just around the corner, with buyer and new listing activity typically increasing in late February/early March. If you are considering a purchase or a sale, now would be a great time to meet with a real estate agent to discuss a strategy to set you up for success