Despite positive job reports, low interest rates, strong consumer confidence ratings and even stronger buyer demand, sales of single family and condominium homes are being held back by a significant shortage of available supply. Dane County continues to be below 2 months of active inventory for the fifth consecutive month. A six month supply of homes for sale is generally considered to represent a balanced market between buyers and sellers. The 1070 active listings at the end of April is the lowest total for Dane County in the SCWMLS records going back to 1997.
