Here’s what you need to know about the latest market numbers from November.

Today I want to give you a quick update on our local real estate market. We’ll go over the latest statistics from November and compare them to what the market was like this time last year. The trends for 2021 have been pretty consistent, so let’s see if November is any different:

DeForest-Windsor

New Listings: 20 (up 15%)

Sales: 28 (down 30%)

Average Sales Price: $406,000 (up 15%)

Average Days on Market: 28 days (down 42%)

Sun Prairie 

New Listings: 34 (down 19%)

Sales: 76 (down 6%)

Average Sales Price: $378,000 (up 12%)

Average Days on Market: 24 days (down 8%)

Madison

New Listings: 246 (down 6%)

Sales: 338 (down 12%)

Average Sales Price: $354,000 (up 5%)

Average Days on Market: 26 days (down 4%)

Dane County

New Listings: 420 (down 8%)

Sales: 628 (down 12%)

Average Sales Price: $378,000 (up 3%)

Average Days on Market: 26 days (down 19%)

As you can see, sales and listings are down, but sales continue to outpace new listings. This is contributing to our incredibly low inventory and subsequent price increase. If you have any questions about the data or anything else related to real estate, please call or email my team. We’d love to help you!