Here is everything you need to know about the Dane County market in August.
What is happening with the Dane County market? Things are changing in our local real estate, and we have the latest data for you here today.
In our entire market, we’ve seen sales decrease for the seventh consecutive month by 6%. In Dane County specifically, we’re down by 7%. This has helped to stabilize prices in the county, which are holding steady at just below $400,000. That’s 12.6% higher than it was in 2021. Year to date, the average price is $428,488—an increase of 10.2%.
While these prices have been decreasing, inventory is still a pressure point. Over the last year, inventory has decreased. In Dane County alone, we’ve seen a decrease of 25% in new listings from August 2021 to now. From January 2021 through today, available inventory has decreased more than 11%. We’re seeing a low availability of only about a month of inventory across Dane County. In contrast, we’d expect to see about six months of available inventory in a balanced market. This implies that we are still in a great seller’s market.
Interest rates have also been increasing.* Today, we’re sitting at 6.875% for a 30-year fixed mortgage—quite high compared to our previous rates of just under 3%.
The average number of days on the market was about 15 instead of the 14 days in August 2021. We think this trend will continue, with properties staying on the market longer.
Thinking about buying or selling and need my help? Please don’t hesitate to give me a call or email. I’d be happy to answer any questions.
* Note: Interest rates have subsided to 6.5%. Interest rates are volatile and since shooting we have seen a slight decrease.
Welcome home to this beautiful 5- bedroom 2-Story at 539 Fargo Trail, Middleton.
As you enter this fabulous two – story home with finished lower level you are greeted by the formal dining room and
great room. Your great room features a floor to ceiling stone fireplace with a beautiful mantel and built-ins on each side and large windows with custom plantation shutters overlooking your backyard. Open to your kitchen and dinette you’ll find stainless steel appliances, plenty of storage, breakfast bar and granite counters. Off the kitchen is a large laundry and mud room and from your dinette you will access your large composite deck overlooking the back yard. There’s also a wonderful 3-season porch off your great room for those summer days perfect for enjoying company or just relaxing with a good book. To complete your main level living is the master suite with a cathedral ceiling, large window with plantation shutters, master bath with jetted tub, two-sink vanity.
Your open staircase to the second floor leads you to 3 bedrooms and a full bath. Your exposed lower level boasts a large family room with TV & speakers for your own home theater, 5th bedroom, full bath, exercise room and storage!
Close to the Beltline and Middleton in Middleton-Cross Plains schools you’ll love the feel of the countryside yet close enough to the city – the best of both worlds! The back yard backs to University of Wisconsin lands.
For more details on this property or any similar properties please contact
The DaneCountyMarket.com Real Estate Team at 608-852-1035 or click here to search properties.
Welcome home….to this fabulous four bedroom home in the Northlake Subdivision in Middleton. Located just 10 minutes from Middleton or Waunakee this home is set on a beautiful landscaped lot.
Entering in you are greeted with a two – story entry leading to either the living room or formal dining room. You will love the large living room window with arched top allowing plenty of natural light in and the gas fireplace for those cool fall evenings.
Your formal dining room is 11×15 and features a bay window. The large open eat-in kitchen is perfect for family time, you can cook and spend time with the kids while they doing homework at the breakfast bar. Enjoy meals on your two – tiered deck that leads to your large back yard set on .30 acre lot; beautifully landscaped with trees, bushes and perennials.
Your upper level is features the master bedroom and two additional bedrooms. Your lower level boasts a theater room with the seating and a/v equipment, family room, 4th bedroom and full bath.
To schedule a private tour of this beautiful home in Middleton, WI or other homes in the Madison area, please contact our office at 608-852-1035.
Click here for Northlake Neighborhood information.
Welcome to our home at 8861 Sunstone Lane in Middleton, WI!
8861 Sunstone Lane, Middleton
We bought this house not only as our first home but as a place to start our lives together in Madison. We had been renting for several years but knew we wanted to make the Madison area home so we began looking for houses where we could start our family. It was important to us to find a home that
was in a good neighborhood with access to good schools, parks, restaurants, etc.
When our Realtor® brought us to Hidden Oaks we knew we had found what we were looking for. The moment we walked into our house, we knew we were home. It was the right size for us with an open layout on the main floor, all the bedrooms on the upper floor, master on suite, and it was a new construction on a corner lot.
After living in our home for almost seven years now, we have grown to love it even more. We added a stamped concrete patio off the dining room to add some outside entertaining space. We added a small garden area to the south side of the house to grow some seasonal vegetables for summer cookouts. We also love the carriage lane behind the house which turned out to be a great place to hang out with our neighbors and was even home to the neighborhood block party for a few years.
Now that we have one child, and another on the way, we love having the park and the bike/walking paths in the neighborhood as well. It’s a great way to get outside and have some fun without having to pack everything up in the car and head somewhere.
This is a wonderful home and we know you’ll love and enjoy it as much as we have.
To schedule a private tour of this beautiful home in Middleton, WI or other homes in the Madison area, please contact our office at 608-852-1035.