Median MLS Home Price - December 2012

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Monthly Trend - Single Family Homes The median December sales price for Dane County homes was $208,000 - down 2.8% from the December 2011 price of $214,000. The average sales price of $237,412 decreased by 8.4% from the December 2011 average of $259,280.  The graph below shows monthly sales prices dating back to January, 2005. Each green data point represents a price increase from the same month of the prior year. Each red data point represents a price decrease. Note the seasonality in sales price. Median home prices are typically highest during the summer months, when buyers across all demographics are out in large numbers competing for the homes that are on the market.   Year-to-Date Trend - Single Family Homes Dane County year-to-date single family home prices through the month of December were lower than the year-to-date prices from last year. The median year-to-date sales price of $216,900 was down 1% from the median price of $219,000 during the same time period in 2011. The average year-to-date sales price of $245,476 was 4.4% lower than the 2011 average year-to-date price of $256,819. Recent History - Single Family Homes Prices for single family homes increased significantly during the first 8 years of the decade. From 2000 to 2007, the median sales price jumped from $154,500 to $232,900 - an increase of $78,400 (or 51%). The median price decreased in both 2008 and 2009, rose in 2010 (due to the tax credit), and then decreased again in 2011 and 2012. Due to the rising demand for real estate, we believe the Dane County median price will increase in 2013.  Our full library of Dane County home reports A monthly look at pending home sales A historical view of MLS home sales How home 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 housing starts have 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" properties.  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