Tuesday, January 12, 2021 / by Ryan Huemmer
December home sales in Dane County continue to surge due to record low mortgage interest rates and an inventory shortage. Dane County's median home price was $320,000 in December, which was up 10.34% from last December.
This chart shows increased median home values, month over month, for the previous 5 years. Dane County is showing super strong levels of appreciation with continued growth year over year too.
Dane County had 701 homes sold in December which was up 17.62% from last December.
2020 homes sold outpaced its previous year's month to month comparison for the last 5 months. Further cementing the fact that the spring market was delayed several months due to the pandemic. We fully expect this trend to continue right into 2021 and throughout the entire year. Total home sales for 2020 was 8,862 which was 634 more than last year. That equates to a 7.7% increase from last year.
Dane County days on the market is 66 days. Anything less than 5 months indicates a sellers market.
Cambridge - bit.ly/CambridgeHousingUpdate
Columbus - bit.ly/ColumbusHousingUpdate
Cottage Grove - bit.ly/CottageGroveHousingUpdate
Cross Plains - bit.ly/CrossPlainsHousingUpdate
Deerfield - bit.ly/DeerfieldHousingUpdate
Deforest - bit.ly/DeforestHousingMarket
Fitchburg - bit.ly/FitchburgHousingUpdate
Madison - bit.ly/MadisonHousingUpdate
Maple Bluff - bit.ly/MapleBluffHousingUpdate
Marshall - bit.ly/MarshallHousingUpdate
McFarland - bit.ly/McFarlandHousingUpdate
Middleton - bit.ly/MiddletonHousingUpdate
Monona - bit.ly/MononaHousingUpdate
Mount Horeb - bit.ly/MountHorebWIHousingUpdate
Oregon - bit.ly/OregonWIHousingUpdate
Stoughton - bit.ly/StoughtonWIHousingUpdate
Sun Prairie - bit.ly/SunPrairieHousingUpdate
Verona - bit.ly/VeronaHousingUpdate
Waunakee - bit.ly/WaunakeeHousingReport
Windsor - bit.ly/WindsorHousingUpdate
Do you want to know how much your home is worth? Click http://bit.ly/yourhomevalue2021
The Huemmer Home Team
608-279-5424 (call or text)