Welcome to your January 2020 market update for the communities of DeForest/Windsor, Waunakee, Sun Prairie, and Madison.
 
Typically, home sales are at their lowest yearly point in January because the market already starts slowing down during the November-December holiday season, so keep that in mind as we go over the year-over-year numbers.
 
In DeForest/Windsor, there were 14 home sales, which is unchanged compared to January 2019, and the average home value rose 10% to $365,000. The average days on market rose from eight days to 61 days.

“Home sales are at their lowest yearly point in January because the market already starts slowing down during the November-December holiday season.”

 
In Sun Prairie, there were 48 home sales, which is a 63% increase, and the average home value rose 1% to $288,000. The average days on market rose 13 days to 51 days. 
 
In Waunakee, there were 18 home sales, which is a 26% increase, and the average home value decreased 2% to $483,000. The average days on market was 84 days, which is unchanged compared to January 2019. 
 
In Madison, there were 210 homes sales, which is a 4% increase, and the average home value increased 3% to $319,000. The average days on market was 50 days, which is unchanged compared to January 2019. 
 
We should see these numbers grow as we move further into 2020. As always, if you have any real estate questions or are thinking of buying or selling a home, don’t hesitate to reach out to me. I’d love to help you.