As of November 30th, Dane County combined home and condo inventory stood at 2,931 units, 468 units less than the combined inventory level from the same time last year, a decrease of 13.8%.
The inventory level for Dane County homes was 2,096 units, 262 less than the level from November 30th of 2012, a decrease of 11.1%.
Condo inventory stood at 835 units on November 30th, 206 less then the inventory level from last year, a decrease of 19.8%.
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 November dating back to 2006. Active listings in November were at the lowest level for any November dating back to 2006, and were 46% below the peak.
This graph shows the active single family home listings for every November dating back to 2007. Active listings in November were 27% lower than in the peak year of 2007.
This graph shows the active condo listings for every November dating back to 2007. Active condo listings in November were 63% lower than in the peak year of 2007.
How months of inventory have changed over time
This Dane County and Madison WI real estate report is provided courtesy of Dan Miller, Shawn Kriewaldt, Chris Venden, Dasha Shy, and Jodi Shehadi of Keller Williams Realty and DaneCountyMarket.com, Madison, WI. For more information, please contact:
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