Listing Success Rate – June 2014
Monthly Trend – Dane County Single Family Homes
The listing success rate for Dane County homes decreased from 82.4% in June of 2013 to 81.9% in June of 2014.
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 has decreased each of the last 3 months.
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 – Dane County Single Family Homes
The Dane County year-to-date listing success rate through June decreased slightly from the success rate through June of 2014. The success rate through June was 76.2%, compared to a success rate of 76.5% during the same time period in 2013.
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 2013 was the strongest since 2004, indicating a much improved market for Dane County home sellers.