Madison/Dane County home sales increase again in May

Here’s a review of May Dane County home sales from a historical perspective.

The 482 Dane County home sales recorded in May were 18.4% higher than the 407 home sales in May of 2011, representing the second highest total for any May over the last 5 years. The only May to log a higher total in the last 5 years was May of 2010, with a total of 537 sales. The surge in sales in May of 2010 was due to the many buyers who rushed to take advantage of the last home buyer tax credit, which expired at the end of June in the same year.

Here’s a review of May Dane County condo sales from a historical perspective.

The total of 120 Dane County condo sales recorded in May was 36.4% higher than the 88 condo sales from May of 2011. With the exception of last May, condo sales this May were the lowest out of any May since the year 2001, when 111 condo sales were recorded.

Here’s how May condo sales have trended over the last 22 years.

Looking ahead: Our pending home sales report suggests sales in June will be well above the levels from June of 2011. We anticipate a growing number of home sales in 2012, by more than 20%.

Our pending condo sales report predicts June condo sales will also increase significantly from last year’s total. Although the condo market is trending in the right direction, it remains a challenging one for sellers in all price categories. We’ll be monitoring the condo market closely as the year unfolds.

Dan Miller, Keller Williams Realty and www.DaneCountyMarket. com

www.HowWeHelpYouSell.com

www.HowWeHelpYouBuy.com

www.OurRecentSales.com

www.SearchDaneCounty.com

www.DaneCountyForeclosureSearch.com

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About Dan Miller, RE/MAX Preferred

Madison WI real estate agent with RE/MAX Preferred and the Mad City Dream Homes real estate team. Visit me at MadCityDreamHomes.com.
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