As of December 31st, Dane County combined home and condo inventory stood at 2,459 units, 411 units less than the combined inventory level from the same time last year, a decrease of 14.3%.
The inventory level for Dane County homes was 1,749 units, 201 less than the level from December 31st of 2012, a decrease of 10.3%.
Condo inventory stood at 710 units on December 31st, 210 less then the inventory level from last year, a decrease of 22.8%.
From the graph below you'll see combined single family home and condo inventory was roughly 2,500 units in January of 2005. After a steady climb, inventory more than doubled and peaked in the summer of 2007 at roughly 6,100 units.
(Note: We started tracking the single family home and condo inventory levels separately in May of 2007).
This graph shows the total active home and condo listings for every December dating back to 2006. Active listings in December were at the lowest level for any December dating back to 2006, and were 55% below the peak.
This graph shows the active single family home listings for every December dating back to 2007. Active listings in December were 32% lower than in the peak year of 2007.
This graph shows the active condo listings for every December dating back to 2007. Active condo listings in December were 65% lower than in the peak year of 2007.
How months of inventory have changed over time
This information is provided courtesy of Dan Miller, Shawn Kriewaldt, and Chris Venden, of Keller Williams Realty and DaneCountyMarket.com. For more information, please contact:
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