Supply and Demand Q1 2011
Click the above link to review supply and demand for homes and condos in Dane and Sauk counties dated April 2011. The data is organized by price ranges. The most interesting data to consider is the Months of Inventory column.
Months of Inventory shows 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 every price range is in over-supply. Note however that we are entering the busy season of the year for real estate sales. The market typically picks up beginning in February and a large number of homes close between June and August. Still, this is a strong indication that the market still favors buyers.
These figures can change dramatically and we tend to see the weakest figures in the 4nd quarter when buyer activity is at its nadir.
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.
