Madison Wisconsin Townhouse/Duplex Market is Heating Up

The 1st quarter of 2012 has certainly been busy.  Surprisingly all of my business this year to-date has been in the Townhouse market which has been very quiet over the last two years.  I have been experiencing multiple competing offers on a regular basis.  Inventory is low and places priced right and good condition are moving quickly.

Market Data for the west side of Madison from 4th quarter 2011 to 1st quarter 2012, ($160,000 or less), 1200 sq ft or greater, 3 bdrm

1.  Total Properties Listed          -11% (down)
2.  Total Properties Sold            550%     (up)
3.  Average Listed Price                3%     (up)
4.  Average Sold Price                   6%     (up)
5.  Average Days on Market       15%    (up)


If you or anyone you know is thinking of putting your town home, or duplex on the market call me today, I would love to talk to you.  Sue Stark (608) 354-8107   or   starks@firstweber.com