Blog Archives

Every fall the real estate market calms, both in terms of sales and median prices. You can clearly see the seasonal cycles in the Median Price Annual Comparison chart below. This is partly due to less buyer demand this time of year, and partly due to fewer high end homes hitting the market in the Read More

We are in the slower fall season of real estate with only 16 sales in Verona in the month of September and 369 total sales in Dane County. The median days on market for homes closed in September was 7-8, which is still quite fast despite a significant calming in buyer activity. Remember this is lagging Read More

We are almost through another summer, and the kids are back in school. This is the time of year when real estate listings (and sales) generally slow down. The stats are showing reduced sales compared to the prior year as we expect. Few people want to move when their current interest rate is half the Read More

Last month I wrote about the winter slowdown and year end statistics. I wrote things would keep moving quickly, but buyers might have some easier opportunities. Unfortunately for buyers, that didn’t last too long with the market heating up faster than I expected with the pre-Spring market. Our last couple of listings saw multiple offers Read More

The early half of 2022 was fueled with extreme bidding wars and buyer competition driving prices up 9.5% statewide and 9.7% in Dane County and the Madison area.  The latter half of the year (especially the 4th quarter) had a significant slowdown due to rising interest rates and lower affordability. Even though prices were up Read More

2021 was another crazy year for real estate! We’ve seen bidding wars among buyers for the last several years, but this was the most competitive year we’ve seen. We had one buyer we wrote 13 offers for (all above asking price) before they got a house and another who got rejected at 130k over asking price! Read More

2018 was another great year to own real estate! Here’s a first look at the 2018 numbers. Zillow reports that nationwide property values were up 7.7%. According to the Wisconsin Realtors Association (WRA), as of January 1 median prices in Wisconsin were up 7.0% and Dane county prices were 5.8% over 2017. The number of Read More

2017 was a great year to own real estate! Here’s a first look at the 2017 numbers. Zillow reports that nationwide property values were up 6.7%. According to the Wisconsin Realtors Association (WRA) as of January 1, median prices in Wisconsin were up 5.8% and Dane county prices were 7.3% over 2016. The number of Read More

Home sales in Verona have been strong through the summer, up 29% over last summer. This is interesting; considering the number of sales in Dane county is actually down compared to last year. I would guess this is primarily due to a higher volume of construction in Verona as compared to many other areas of Read More

It’s that time of year again, the time when the Spring real estate market goes crazy! Currently we are seeing very low inventory in Verona and around the Madison area. There are only 34 available homes for sale in Verona, and 194 that have sold in the past year. This equates to only 2.1 months Read More