Dane County home sales dropped in May compared to May 2015, but that could be due to the low number of active listings in this hotter-than-hot seller’s market where the active inventory stands at just 2.23 months.
A six-month supply generally indicates a balanced market.
According to the South Central Wisconsin MLS, sales slipped 8.3% year to year in May, with 842 sales versus 918 last year.
The median sale price increased from $230,00 a year ago to $236,400.
At the end of May, SCWMLS reported 1,492 active listings in the county compared to 1,941 in May 2015, and 2,567 in 2014.
