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    Most Recent Videos From Our Blog...

    How the critical real estate statistics from 2021 compare to 2022.


    Today I want to talk about the 2021 housing market and compare it with the 2022's. Now that all the numbers are in for last year, I’d like to dive into them.

    In Dane County, there are currently 692 properties that are active on the market. The average asking price of those properties is $539,000, and the average days on market is 102. There were 7,775 total listings in 2022, which was down 14% compared to 2021. The percentage of sold properties was 93.71% in 2022, which was down 1.3% compared to 2021. The total number of sales was 7,267 in 2022, which was down 15% compared to 2021. The average sale price was $429,000 in 2022, which was up 10% in 2021. The average days on market changed by one day; it was 19 compared to 20 the year before
    .

    "The average number of days on market was 32 days in 2022 and 20 days in 2021."

    In DeForest/Windsor, there are currently 54 properties active on the market with an average sale price of $565,000, and the average days on market is 123 days. The total listings for 2022 were 405, which was down 16% since 2021. The percentage sold rose in 2022 was 96.30%, which is up 10.32% since 2021. Total sales were 390 in 2022, which was down 6% in 2021. The average price was $423,000, which was also up 10% since 2021. The average number of days on market was 32 days in 2022, as compared to 20 days in 2021.

    If you have questions about this topic or what it means for you, call or email me. I’d love to connect with you!

     

    Here’s what you need to know about our local housing market.


    What’s going on in our market? To find out, I'm comparing housing market reports for November 2022 to November 2021.

    First off, in the Deforest and Windsor areas, there are currently 64 properties active on the market, the average home spends 105 days on the market, and $582,000 is the average sales price. There are 19 total listings that were new in November 2022, as compared to 23 a year ago.

    There were 27 total sales, which is down by two from a year ago. We had a 142% sales rate, which is up 16% year over year, and $480,000 was the average sales price, which is up 17% year over year. The average days on market is currently 59, compared to 23 days a year ago
    .


    "Days on market might be skewed, but things haven’t changed much overall."

    In Dane County, there are 894 current listings, the average days on market is 82, $521,000 is the average list price, and there were 314 total listings in November, which is down 30% from last year. Lastly, $421,000 is the average sales price, which is up 10%.

    Overall, most things are pretty similar. In Deforest and Windsor, the average days on market was quite skewed, but there's a lot of new construction in the area, and that's definitely what's skewing those numbers.

    If you have questions about anything, please check out our website, www.bradbret.com, or give us a call. Take care!

     
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