March homebuyers have been out shopping and shocked all of us. The buyers have heeded warnings about the limited supply of homes for sale we have all been complaining about for years…especially the spring market in Dane county. Needless to say, the buyers with the help of professional realtors have found houses in record time.
National monthly market reports on March transactions chronicled surge of sales as the spring season kicked off and tens of thousands of new listings turned over in a matter of days. Dane county and the surrounding communities are not the only areas to see a housing shortage. History shows an uptick in sales every year – March always being a growth month in sales.
The Multiple Listing Service report told the same story: the plunge in days on market was breathtaking as buyers gobbled up new listings as soon as they hit MLSs.
In Dane county this is what March’s numbers currently look like:
Pendings: (ready to close – all contingencies met). Current homes in March ready to close: 131 homes
Avg Price Point: $252,399
Lowest Price Point: $59,900
Max Price Point: $319,900
Current Solds in March: March 1st to March 28th. Total homes sold to date in March: 169 homes
Avg Price Point of homes sold: $244,159
Lowest Price Point: $60,000
Max Price Point: $335,000
Contact the Birschbach Team today for real estate advice:
- Jon and Donna go above and beyond anyone that I know in the industry. They not only provide an exceptional expertise in the knowledge of the industry and investment of purchasing your home, but also in the process of closing on your home. From start to close they are right by your side – Meyer Man20