This year is already shaping up to be another very active market in the Madison area. Supply is low. Demand is high. And the competition is fierce. Here's our short update covering the latest single family home trends in Dane County.

New listings

New MLS listings in 2021 registered the lowest annual total since the year 2000, while the 175 new listings in December was the lowest total on record for the month. A lack of fresh supply is creating a very favorable market for sellers in early 2022.

Accepted offers

Buyers continue to gobble up inventory as soon as it hits the market. More listings went under contract in December (261) than entered the market (175).

Months of supply

As of January 8th, there were only 252 listings available for sale (or .5 months of supply) in all of Dane County. Inventory is especially tight in the $200,000 to $400,000 price range. Right now supply is about as low as it can go in Dane County.

Competing offers

Our multiple offer data, which is available through the month of November, shows that competing offers continued to be off the charts in late 2021. This forward-looking indicator points to more record high home prices in early 2022.

Dane County home prices

The price per square foot increased by 8% in December and by 9% over the course of the entire year. Both the median and the average price increased by 11% in 2021.

Days on market

Dane County homes continue to sell very quickly.

Dane County home sales

Home sales were strong in December, despite record low inventory in Dane County.

How does this year's market impact your real estate goals in 2022? 

Please reach out to our realtor team for a helpful conversation. We helped our clients buy and sell 180 properties in last year's unique market. And we have the work ethic, skills, and experience to help you achieve all of your real estate dreams and goals in 2022.