If you do a Google search to learn more about the housing market, these are some of the headlines and articles that you will find:
- Home prices are finally declining…
- Home prices just broke a decade-long streak…
- Housing Market: Home Prices Post First Yearly Decrease In 11 Years…
Once you get past the headline you might see details similar to what was posted on CNN.com:
"Regionally, prices fell more from a year ago in the West (down 5.6%) and Northeast (down 4.5%), where housing is more expensive. But prices were still climbing from last year in the South (up 2.7%) and the Midwest (up 5%)."
It is important to look past the headlines and talk to local experts. Prices are not declining in Dane County. Our latest market update shows the median price for a Dane County home increased by 5% in February. The low supply of homes on the market continues to keep prices strong in our area. If you are curious about what your home is worth or if you want more information about our local market please reach out to our team to get a conversation started!
