According to Altos Research, inventory across the country is up 31% year-over-year. However, that's not the case locally. Right now, Dane County home and condo inventory is actually lower than it was at the same time a year ago.

Here's how single family home inventory is trending:

And here's the trend for condominiums:

Why is inventory lower?

Well, one big reason is that the number of homeowners choosing to sell has decreased noticeably over the last 3 months. Many homeowners, who would otherwise move, are choosing to stay put with their 3 percent mortgage rate. And the buyer demand that we do have right now is proving more than strong enough to keep inventories low and to maintain elevated prices.

So, although you will see plenty of headlines portraying doom and gloom in the real estate market, keep in mind these headlines are designed to create fear and ultimately to drive online revenue and traffic. Instead we encourage you to rely on trusted local sources, like our newsletter and our blog, for all of you local market information. Or call your Mad City Dream Homes realtor for a helpful conversation. We're always available to talk about real estate and help you plan for your future.