Thursday, August 18, 2022 / by Brad Brethouwer
Your July 2022 Local Housing Market Update
What happened to our local market this July 2022? See the stats here.
The stats are out for July! What happened to our housing market last month? Today I’ll share some of the most critical real estate indicators and explain how they affect our local market:
1. Dane County
- 1,299 active listings
- $501,000 average listing price
- 736 listings (down by 22% compared to a year ago)
- 801 sales (down by 20% compared to a year ago)
- $437,000 average sales price (up by 11% compared to a year ago)
- 18 days on market (no change)
2. Columbia County
- 165 active listings
- $428,000 average listing price
- 84 listings (down by 27%)
- 39 sales (down by 56%)
- $329,000 average sale price (up by 16%)
- 14 days on market (no change)
3. Sauk County
- 195 active listings
- $425,000 average listing price 99 listings (down by 3%)
- 76 sales (down by 13%)
- $303,000 average sale price (up by 7%)
- 14 days on market (down from 20 DOM)
4. Rock County
- 449 active listings
- $311,000 average listing price
- 242 listings (down by 21%)
- 216 sales (down by 20%)
- $257,000 average sale price (up by 12%)
- 15 days on market (no change)
What does this all mean? The market is slowing down due to seasonal trends, much like we would have if we were in a more traditional market. Inventory remains low and homes are still selling relatively quickly. Despite these low numbers, I don’t believe we’re headed for a market crash. If you need more details about our local market or have any real estate concerns, don’t hesitate to call or email me. I’m here to help!
