As of March 31st, Dane County combined home and condo inventory stood at 2,870 units, 322 units less than the combined inventory level from the same time last year, a decrease of 10.3%.
The inventory level for Dane County homes was 2,178 units, 92 less than the level from March 31st of 2014, a decrease of 4.1%.
Condo inventory stood at 692 units on March 31, 140 less then the inventory level from last year, a decrease of 20.2%.
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 in the last 10 years and were 51.4% 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 March dating back to 2008. Active listings in March were 36.5% 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 69.1% 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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