The second quarter of our 2019 real estate market has just come to an end, so let’s compare how this year’s numbers stack up against those from that same period in 2018.
In DeForest/Windsor, there were 117 closed sales during Q2 of 2019. This is a 7% increase year over year. The average price in that same area, which was $344,000 this year, rose 3% since Q2 of 2018.
Homes sold in this area during Q2 of 2019 took an average of 56 days on the market to sell, which is 17% higher than during that same period last year.
In Sun Prairie, Bristol, and Burke, sales volume was down 3%, while the average sales price ($296,000) was exactly the same year over year. The average days on market for those areas was 43 days, which constitutes a 34% increase since 2018.
Sales were also flat in Waunakee, Westport, and Vienna, but the average days on market is up 10% to 34 days in those areas.
Finally, in Madison, there were 1,384 sales during Q2 of 2019. This is down 6% year over year. The average sales price, though, was up 8% to $384,000, and the average days on market remained flat.
All in all, most local markets are seeing fairly similar developments. Yet the numbers we’ve discussed today are just generalizations. If you want to learn more about your specific area, feel free to give me or my team a call, send us an email, or visit www.bradbret.com.
And, as always, if you have any other questions or would like more information, please reach out. We look forward to hearing from you soon.