Housing market continues high price/low inventory trend

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According to a recent report on housing market trends from the Realtors Association of South Central Wisconsin, home sales and home prices in the area continue to trend upward. For the June 2020 reporting period, the number of sales continued to increase over sales in May.  However, Dane County sales were down 10.2% from those in June 2019.

The median sales prices for Dane County homes is $307,000, reflecting a steady increase since January. Favorably low interest rates are expected to keep demand and housing prices high. Although the housing supply in the area remains tight, inventory has stabilized in the last few months.

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