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First Quarter Madison Real Estate Report

Apr 9, 2008 | Market Update

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 again to near historical lows. Currently the 30 year fixed rates are averaging between 5.7% and 5.9%. 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 the Madison real estate activity we have seen this first quarter of 2008. 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 Current Total Listings Sold Listings 1st Quarter Average List Price Average Sold Price Average Days On Market
Residential 1149 283 $287,013 $244,824 95
Condo 1288 104 $244,967 $210,840 133

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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