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  • Market Update | Blog

    Monday, May 22, 2023   /   by Brad Brethouwer

    March & April Market Report: 2023


    In these videos I’m going to share with you the March and April 2023 market report for the counties of Dane, Columbia, Rock, Jefferson and Sauk. I will be comparing the statistics from March and April of 2023 with those of March and April of 2022. We will be looking at the median sales price, number of listings, number of sales, the supply in the market and the percent over the asking price you may have to go in order to get your offer accepted in this market.
    If you have any questions feel free to call or text us at 608-234-5033, email brad@bradbret.com or find us online at www.bradbret.com.
    Have a great day! ...

      market update

    Wednesday, March 15, 2023   /   by Brad Brethouwer

    Latest Trends in Real Estate in Dane and Columbia Counties

    Trends indicate that values are up and properties are in high demand.

    The real estate market in Dane and Columbia Counties has seen significant changes in the first two months of 2023 compared to the same period in the previous year. Today, I’ll break down what’s happening and what it all means for buyers and sellers.
    As of March 2023, there were 741 active properties in Dane County, with an average asking price of $564,000 and an average of 82 days on the market. In January 2023, Dane County had 413 listings, representing an 18% decline compared to the same period in 2022. The sold ratio was 66%, down 14%, and the total sales were 272, down 32%. However, the average sales price was up 12% to $434,000, and the average days on the market was 32, four days slower than in 2022.
    In February 2023, the number of listings in Dane County fell to 441, a 26% decline compared to February 2022. The sold ratio was 65.99%, down 14%, and total sales were 291, down 23%. The aver ...

      market update

    Thursday, March 2, 2023   /   by Brad Brethouwer

    What’s Really Going On in Our Housing Market?

    Here’s what you need to know about the state of our housing market.

    What’s the status of the current housing market? We're now two full months into the year, so let's start this market update by rewinding to last year.
    In 2021, things were hot right out of the gate at about this same time last year. Around May and June, interest rates increased, and the market slowed down. As a result, many people think that it’s not worth it to buy or sell a home, but that is not at all true in Dane County. It may be true in California or some other places, but it isn’t true here.

    "Sellers should start planning immediately."

    Right now the market is still hot in our area, and buyers need to be ready. Recently, we had to pull out all the stops to get one of our client’s offers accepted. It may seem daunting, but if you work with the right team, there are steps you can take to succeed in this market as a buyer.
    Sellers, on the other hand, are in an awesome p ...

      market update

    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.
    "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 ave ...

      market update

    Tuesday, December 6, 2022   /   by Brad Brethouwer

    The Truth About Our Housing Market

    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 Novembe ...

      market update