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It’s Halftime in the 2017 Home Market

 July 18, 2017      webadmin

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.

June 2017 Monthly Statistics