Thursday, January 12, 2023 / by Brad Brethouwer
What You Need To Know About the 2021 and 2022 Market
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.
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!
