As of March 31st, Dane County combined home and condo inventory stood at 3,102 units, 379 units less than the combined inventory level from the same time last year, a decrease of 10.9%.
The inventory level for Dane County homes was 2,270 units, 212 less than the level from March 31st of 2013, a decrease of 8.5%.
Condo inventory stood at 832 units on March 31st, 167 less then the inventory level from last year, a decrease of 16.7%.
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 March dating back to 2006. Active listings in March were at the lowest level for any March dating back to 2006, and were 47% below the peak.
This graph shows the active single family home listings for every March dating back to 2007. Active listings in March were 34% lower than in the peak year of 2010.
This graph shows the active condo listings for every March dating back to 2008. Active condo listings in March were 63% 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, and Chris Venden, of Keller Williams Realty and DaneCountyMarket.com. For more information, please contact:
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