Friday, July 23, 2021 / by Ryan Huemmer
June 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 $365,000 in June, which was up 14.10% from last June.
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 931 homes sold in June which was up from total homes sold last June of 909. An increase of 2.42% compared to last year.
As buyers continue to battle over limited listings in Dane County, home prices continue to soar. Median home prices went from $316,500 in January to $365,000 in June of 2021. We fully expect the demand to exceed the availability of homes the entire year. Which will result in rising prices throughout. The 30 yr fixed stayed around 2.75% over the last month. Many buyers are concerned about the market. Don't wait for a "dip" in the market. That "dip" isn't coming anytime soon. Cost of construction will remain higher as demand is significantly higher. Buy now and benefit from property appreciation and eliminate future increased cost of housing both as a renter and home prices.
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)