As of February 28th, Dane County combined home and condo inventory stood at 2,549 units, 283 units less than the combined inventory level from the same time last year, a decrease of 10%.
The inventory level for Dane County homes was 1,900 units, 132 less than the level from February 28th of 2014, a decrease of 6.5%.
Condo inventory stood at 649 units on February 28th, 151 less then the inventory level from last year, a decrease of 18.9%.
This graph shows the total active home and condo listings for every February dating back to 2006. Active listings in February were at the lowest level for any February in the last 10 years and were 55% below the peak. The continued trends toward lower inventory is one big reason why we expect to see rising prices in 2015.
This graph shows the active single family home listings for every February dating back to 2008. Active listings in February were 35% lower than in the peak year of 2010.
This graph shows the active condo listings for every February dating back to 2008. Active condo listings in February were 71% lower than in the peak year of 2008.
How months of inventory have changed over time
This information is provided courtesy of Dan Miller , Shawn Kriewaldt , Chris Venden and Tammy Steiner of Keller Williams Realty and DaneCountyMarket.com. For more information, please contact:
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