Monthly Trend - Single Family Homes
The listing success rate for Dane County homes increased from 48.5% in December of 2011 to 59.4% in December of 2012.
The listing success rate measures the number of sold listings relative to the total sold and expired listings during a given time period. 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 rates 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. The success rate for Dane County homes increased for the 18th consecutive month in December.
Note the seasonality in listing success rates. 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 - Single Family Homes
The Dane County year-to-date listing success rate through December increased from the success rate through December of 2011. The success rate through December was 63.9%, compared to a success rate of 52.9% during the same time period in 2011.
Recent History - Single Family Homes
From the graph below you’ll see the listing success rate peaked in 2003. The success rate for single family home sellers decreased each of the following 5 years. In 2008, the success rate dipped below 50% - for the first time in the decade. The success rate in 2012 was the strongest since 2005, indicating a much improved market for Dane County home sellers.
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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:
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