As of March 31st, the combined months of inventory for Dane County homes and condos was 4.9 months, down from the 5.0 months registered a year ago. This measure is based on the number of active listings and the average monthly sales volume from the preceding 12 months.
Looking at homes alone, the months of inventory stood at 4.8 months, even with the 4.8 months in March of 2014.
Inventory for Dane County condos stood at 5.2 months, down from 5.9 months a year ago.
This graph shows the combined home and condo months of inventory for every March dating back to 2006. As the graph shows, the 4.9 months of inventory in the Dane County market represent the lowest inventory level in the last 10 years, and a 58% drop from the peak year of 2009. Low inventory means we'll continue to see rising prices in 2015.
This graph shows the single family home months of inventory (excluding condos) for every March dating back to 2008. As the graph shows, the 4.8 months of inventory in March represent the lowest inventory level in the last 8 years. Inventory this March was down 50.5% from the peak.
This graph shows condo months of inventory (excluding homes) for every March dating back to 2008. As the graph shows, the 5.2 months of inventory in March represent the lowest inventory level in the last 8 years, and is 74.6% lower than the peak year of 2009.
How active listings have changed over timeMonths of inventory by location - homesMonths of inventory by location - condosMonths of inventory by price range - homes and condos
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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