Dane County Housing Market
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.