Listing Success Rate - December 2012

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Monthly Trend - Condos The Madison area condo listing success rate increased from 35.2% in December of 2011 to 58.7% in December of 2012. The listing success rate measures the number of listings that sell relative to the total number of sold and expired listings. A number greater than 50% means more listings are selling than expiring. A number less than 50% means more listings are expiring than selling. The graph below shows the monthly listing success rate dating back to January, 2005. Each green data point represents an increase from the same month of the prior year. Each red data point represents a decrease. Success rates have increased 15 of the last 19 months. Sellers tend to be more successful during the spring and summer months, and less successful during the fall and winter months. Year-to-Date Trend - Condos The year-to-date listing success rate for Dane County condos through the month of December was higher than the success rate through December of 2011. The success rate through December was 54.8%, compared to a success rate of 41.2% during the same time period in 2011. Recent History - Condos From the graph below you’ll see the listing success rate peaked in 2003 and 2004 - when roughly 3 out of every 4 condo listings resulted in a sale. The success rate decreased each of the following 4 years. In 2008, only 1 out of every 3 condo listings resulted in a sale. The success rate improved slightly in 2009, 2010 and 2011. In 2012, the success rate improved significantly by rising to 55%. The success rate in 2012 was the highest for any year since 2005. Our full library of Dane County condo reports A monthly look at pending condo sales A historical view of MLS condo sales How condo prices have changed over time A closer look at inventory How sold and expired listings have changed over time How listing success rates have changed over time How marketing time requirements have changed over time How condo sales mix has changed over time About us     This information is provided courtesy of Dan Miller, Shawn Kriewaldt, Chris Venden, Dasha Shy, and Jodi Shehadi of Keller Williams Realty and DaneCountyMarket.com. For more information, please contact: Dan at 608-852-7071 (danielmiller@kw.com) Shawn at 608-212-5743 (shawnkriewaldt@kw.com) Chris at 608-279-7852 (chrisvenden@kw.com) Dasha at 608-692-7752 (dasha@kw.com) Jodi at 608-630-2228 (jodi.shehadi@gmail.com) Don't forget: if you're buying or selling, whether your timeline is 3 months or 3 years, we can help.     Track the market and search for real estate Did you know you can receive our monthly updates via email? Just go to our newsletter sign-up, enter your email address, and select your topic(s) of interest. Our real estate search tools are easy-to-use. Learn how you can simplify your search by saving your search settings, receiving email updates, and tracking your own list of "favorite" condos.  Search for South Central Wisconsin Real Estate Now Email this article to a friend: Email To: Email From: Name of Sender: Optional Message: Please enter the numbers/characters in the picture for verification *  Back