1HY 2021 Market Update
The Dane County real estate market was incredibly strong throughout the first half of 2021. Total dollar sales were up 23%, while the median and average sales prices increased ~14% vs. 1HY 2020. Average sold $/SqFt was up 13%, and properties were selling quickly with an approximate 25% decrease in median days on the market. The median sale price continues to climb and reached $365K last month – a record for the Dane County market. The real estate market tends to cool down slightly this time of the year as people often travel/vacation during the summer months, and some buyers drop out of the market in favor of re-signing leases.
If you are in the market to sell your home, low inventory levels and low-interest rates still make it an attractive time to list with the right strategy and plan in place. Our team can help implement the best plan for your specific situation. Give us a call to discuss numbers, timing, and the best strategy to get you top dollar for your sale. Competition might not be as intense as the spring, but the mood is still right. Our marketing package works to ensure the best possible exposure online, including a complimentary staging consultation, priority access to our in-house repairs/renovation company, and both professional photography and videography.
If you are in the market to buy, this is the season to watch out for. Lower competition is perfect for those buyers who are still patiently navigating the rough real estate waters, and it may be a great time to succeed in your purchase. Our team would love to partner up! We have years of expertise working with buyers and a track record of creative negotiating. We know how to help you make a competitive offer. We also work hard to scour the market for our clients, set you up with tailored listing notifications, and provide quick access to properties.