The first half results are in and the residential single family and condominium home market can be briefly summarized as follows:
- Strong buyer demand
- Extraordinarily lean supply of homes available to meet the demand
- Extremely affordable fixed rate mortgages for those who qualify
As a result, Dane County sales for the month are 4.1 below June 2016. Year-to-date, 2017 trails the record-setting 2016 by just 4.8%. Projecting forward, both 2015 and 2016 completed 51% of the annual closings by the end of June. Assuming the second half of 2017 is similar to the preceding years, we project at this time 7600 total sales – which would rank #5 in comparison to all years.
