Sales in Dane County started the New Year in record fashion. The 380 reported sales of single family homes and condominiums is the highest total ever for the month of January, eclipsing the previous record of 354 set just two years ago.
New listings in January rose 7.5% in Dane County compared to last year, but paled in relation to new listings reported for the same period in 2014‐16. The total number of active listings continued to decrease – down 17%. As a result, there is only 1.26 months of available inventory for buyers to select from. Generally, six months of active inventory is considered to represent a balanced market between buyers and sellers.
The graph below demonstrates sales activity compared to active listing inventory over the past 13 months.
