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  • April 2020 Real Estate Market Update For Deforest, Waunakee, Sun Prairie, and Madison, Wi

    Tuesday, November 24, 2020   /   by Brad Brethouwer

    April 2020 Real Estate Market Update For Deforest, Waunakee, Sun Prairie, and Madison, Wi

    Today I want to go over the April 2020 market update. So despite everything that’s going on, the markets have remained pretty solid through all this pandemic. In April, as you’ll see as the stats go across the screen the numbers really keep an eye on are the total number of sales. So the number of listings is definitely gone down, which you know it’s been such a thin inventory as it was, it’s really hard to go much lower to be honest with you. But the total number of sales is the key number to me. You look at that, they’re pretty consistent. If anything they’re more in a couple areas, I think Waunakee area was last, but most of them are pretty similar and your average price is down for sure. That’s down from what it was before.

    But you got to remember you’re only comparing April of 2020 to April of 2019. This is not a whole year’s time span. So all in all the market staying pretty consistent through all this and going forward into next month, I suspect that it’s even going to pick up some as far as the number of listings. I can only talk about my personal experiences and just for me, today is what May 5th and for me last week was probably one of the busiest weeks I’ve had of the year. Three properties for me personally under contract. There were some other things going on, some new listings, I’ve got a bunch of people lined up that are looking at listing their houses and getting things going like that. Some maybe paranoia I suppose, afraid that it’s going to go down or whatever.

    But it’s remaining pretty active. Now, longer term I do foresee that there could be some issues with all the job loss, there could be some foreclosures coming, who knows. Nobody really knows. Knock on wood, hopefully that doesn’t happen, but nobody really knows for sure. So any questions, just reach out to me anytime. You can hit me up on my website, bradbret.com or call, text or email.