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Madison Market Update – January in Review

Feb 6, 2008 | Real Estate News

Written By Heidi Rozeske

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

Written By Heidi Rozeske

Heidi Rozeske, the founder of Glass Slipper Homes, brings over 15 years of real estate expertise to the table. Her dedication to client satisfaction and her keen eye for detail make her an invaluable asset in your home-buying journey. Outside of real estate, Heidi enjoys staying active with pilates, indulging in creative hobbies like knitting and gardening, and sharing her thoughts through writing. Her commitment to community and personalized service sets Glass Slipper Homes apart in the Madison area.

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