Monthly Trend - Madison Area Single Family Homes
June 2014 sales volume for Dane County homes decreased from the sales volume registered in June of 2013. The number of expired listings also decreased.
A total of 771 Dane County homes sold in June compared to 810 homes in June of 2013 - a decrease of 4.8%. Meanwhile 170 Dane County listings expired in June, compared to 173 in June of 2013 – a decrease of 1.7%.
The graph below shows monthly sales volume dating back to January, 2005. Each green data point represents a volume increase from the same month of the prior year. Each red data point represents a volume decrease.
Home sales are trending lower this year compared to last year's hot market, but they remain at historically high levels. Note roughly 75% of all home sales occur during the months that span from March to September.
The following graph shows the monthly expired listing volume dating back to January, 2005. Each green data point represents an expired listing volume decrease from the same month of the prior year. Each red data point represents an increase. Expired listings have decreased on a year-over-year basis for 32 of the last 33 months.
Year-to-Date Trend - Madison Area Single Family Homes
Dane County year-to-date sales volume through the month of June decreased by 8% from the year-to-date total from 2013, while the number of expired listings decreased by 6.6%.
A total of 2,676 Dane County homes sold through the month of June, compared to 2,909 during the same time period in 2013. A total of 837 listings expired through the month of June, compared to 896 in 2013.
Recent History - Single Family Homes
From the graph below you'll see the 2013 sales volume for single family homes reached its highest level since 2005. Expired listings dropped to their lowest level since 2004. With more sales and fewer expired listings, 2013 was a great year for Dane County home sellers.
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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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