Here’s a quick rundown of the inventory situation in our marketplace.

Thin inventory has been a problem in our market lately, but how many residential properties are for sale exactly? Here are the latest numbers as of March 2020:

 DeForest/Windsor:

• $250,000 and below: 0
• $250,000-$300,000: 8
• $300,000-$400,000: 30
• $400,000-$500,000: 21
• Over $500,000: 16

 

Sun Prairie/Bristol:

• $250,000 and below: 13
• $250,000-$300,000: 15
• $300,000-$400,000: 34
• $400,000-$500,000: 22
• Over $500,000: 12

 

Waunakee/Westport:

• $250,000 and below: 6
• $250,000-$300,000: 2
• $300,000-$400,000: 6
• $400,000-$500,000: 12
• Over $500,000: 25

 

Madison:

• $250,000 and below: 70
• $250,000-$300,000: 27
• $300,000-$400,000: 138
• $400,000-$500,000: 84
• Over $500,000: 103

 

As you can see, things are pretty saturated. As prices go up, there are more homes in the luxury price points than the entry-level ranges. 

 

As always, if you have questions about this or any other real estate topic, don’t hesitate to reach out to me. I’d love to help.