The following includes statistics and trends for the years 2000 through 2007 for the Middleton condo market. Please visit our condo snapshot for updates on the Middleton condo market throughout the 2008 year.
The median sales price for a Middleton condo peaked in 2006 at $190,750. The median price in 2007 was $158,247.
Sold and Expired Listings
Middleton condo sales were consistently above 100 closings a year every year ranging from 2003 to 2007. Middleton condo expired listings grew from 55 in 2005 to 149 in 2007, as the market shifted.
Listing Success Rate
The listing success rate for Middleton condos ranged between 60% and 70% from 2000 to 2006. The success rate decreased in 2007, falling to 46%. The 2007 success rate for all of Dane County was 40%.
Days on Market
The Middleton average days on market for condo listings that sold was 176 days in 2007, compared to 146 days for all of Dane County. The average days on market for condo listings that expired was 265 days, compared to 241 days for all of Dane County.
Total Days on Market Experience
The total days on market experience for Middleton condos grew to 484 days (15.9 months) in 2007, compared to 502 days (16.5 months) for all of Dane County.
This market update is provided courtesy of Dan Miller and Shawn Kriewaldt of Keller Williams Realty and DaneCountyMarket.com. For more information, please contact Dan at 608-852-7071 (email@example.com) or Shawn at 608-212-5743 firstname.lastname@example.org). Don't forget: if you're buying or selling, whether your timeline is 3 months or 3 years, we can help.
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