Tuesday, December 6, 2022 / by Brad Brethouwer
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!