There has been a great deal of Real Estate talk throughout the country and here in Madison with interest rates falling to a 2 year low. Currently the 30 year fixed rates are averaging between 5.4% and 5.7%. With a high level of inventory currently available there are some great opportunities out there for Madison first time home buyers and individuals wishing to buy second homes or investment properties. Below is a quick recap of January’s activity. If you would like to discuss how your property may fit into the current Madison market, give me a call, I’d love to discuss it with you and provide a full market report and complimentary market analysis of your property.
Madison Property Type | Total Listings | Total New Listings | Sold Listings | Average Days on Market For Sold Listings | Average Days on Market For Active Listings | Average List Price For Sold Properties | Average List Price For Active Properties | Average Sold Price |
| Residential | 577 | 142 | 32 | 79 | 121 | $239,284 | $224,207 | $228,636 |
| Condo | 442 | 53 | 7 | 71 | 222 | $163,357 | $171,643 | $155,971 |
| Residential Income | 180 | 33 | 4 | 118 | 178 | $245,700 | $373,318 | $237,575 |