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 |