For the last 18 years, new home construction has been occurring at a subdued pace compared to the peak construction years in Dane County. This is one of several key reasons why we expect inventory to be low and prices to be high in 2024. 

Thank you to Dominic Collar, who has been generously sharing his housing start data with us for the last 15 years. With Dominic's help, we've been able to stay informed on the evolution of our market and share our market insights with you. 

Also this short PSA: If you have real estate goals for the coming year, now is a great time to start planning. Before we know it, the market will be heating up and we'll be off to the races. The Madison area real estate market will become much more active on the other side of the holidays.