Quarterly Supply and Demand July 2010
Quarterly Supply and Demand0710
Click the above link to review supply and demand for homes and condos in Dane and Sauk counties. The data is organized by price ranges. The most interesting data to consider is the Months of Inventory column.
Months of Inventoryshows the months it would take to sell out the current inventory of properties on the market at the current rate of sales. Six months of inventory is considered a “normal market” or a “balanced market”, meaning it is not a buyer’s market nor a seller’s market. Using that standard, you can see that most price ranges are in over-supply with the exception of Madison homes under $280,000. This is somewhat artificial due to the federal tax credit which drove sales in the 2nd quarter.
These figures cna change dramatically and we tend to see these lower figures in the 2nd quarter when buyer activity peaks. Expect to see months of inventory figures to increase for the remainder of the year.
Also, keep in mind that these are county-wide figures. Even within a particular subdivision, we can find a different situation. Contact us you’d like a detailed analysis on a particular property.
