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Strong Market Demand Limited by Lack of Supply

 May 15, 2017      webadmin

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.

April 2017 Monthly Statistics