may 2016 home sales report

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Home Sales Report May 2016

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June 14, 2016

May Homes Sales Dip

Home sales in Dane County slipped 8.3% compared to last years near record setting pace. However, the 842 reported transaction rank 3rd best for the month over the last ten years. Strong sales were reported throughout most of the SCWMLS region* with year-to-date sales ahead in all regions with the exception of Dane County.

Median sale prices rose in most markets for the month, and are equal or ahead in all markets for the first five months of 2016.

May Home Sales Report

(continued on next page)

New listings and active listings continue to drop in Dane County compared to May of 2015. The supply of active inventory stands at just 2.23 months compared to 3.15 months one year ago. This is far below the 6 month supply generally considered to represent a balanced m a r k e t b e t w e e n b u y e r s a n d s e l l e r s . L a c k o f c h o i c e m a y b e a f a c t o r i n h o l d i n g b a c k potential sales in the county. For the remainder of the region, the supply of active listing inventory is 6 months, which may help explain the increased activity.

This summer looks to be a wonderful time to lock in low interest rates. The national average as of June 9, 2016 stood at 3.6% for a 30-year fixed rate mortgage. This is well below the rate of 4.04% last year. If this is your time to buy, find your new home and lock in your rate before they are gone.

**The SCWMLS region includes Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon and Waushara Counties.

(continued from previous page)

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Home Sales Report Home Sales Report Home Sales Report

Market Update Videos

https://youtu.be/Am2ik5ChWIk?list=PLyiFAVgqejDvKBmmOdbtkq49DrJYpf39Qhttps://youtu.be/Am2ik5ChWIk?list=PLyiFAVgqejDvKBmmOdbtkq49DrJYpf39Qhttp://www.cbsuccess.com?utm_source=HomeSalesReportMAY

2016 2015 2014 2016 2015 2014

124 151 120 538 599 534

99 76 88 300 264 278

178,217 171,135 160,599 178,129 169,868 153,607

177,000 145,500 140,000 167,750 148,500 136,250

365 494 524 365 494 524

2016 2015 2014 2016 2015 2014

1,037 1,075 1,171 4,531 4,685 4,644

842 918 816 2,886 2,925 2,494

263,439 259,562 245,757 265,363 253,851 238,146

236,400 230,000 215,000 235,000 225,000 209,000

1,492 1,941 2,567 1,492 1,941 2,567

2016 2015 2014 2016 2015 2014

287 304 323 1,210 1,262 1,243

255 209 201 840 764 702

148,761 132,837 128,474 139,505 126,307 120,345

128,500 127,900 124,500 129,000 119,450 112,000

533 804 933 533 804 933

South Central Wisconsin MLS Sold & Active Residential Listings (Including Condos)

Average Sale Price

Median Sale Price

COLUMBIA COUNTY

# New Listings

# Sales

Average Sale Price

Median Sale Price

# New Listings

# Sales

MAY 2016 STATISTICS JANUARY - MAY

Current sales reported as of June 13, 2016 - More MLS statistics are available at cbsuccess.com/home-sales-reports.NOTE - This representation is based in whole or in part on data supplied to the South Central Wisconsin MLS Corporation by its Participants

The MLS does not guarantee and is not responsible for its accuracy. Data maintained by the MLS does not reflect all real estate activity in the market.

Total # Active Residential Listings at end of Period

DANE COUNTY



ROCK COUNTY

# New Listings

# Sales

Average Sale Price

Median Sale Price

4

53 2

76 6

131 13

162 19

221 25

219 33

255 37

240 35

460 62

602 91

472 89

500 102

465 77

899 127

745 86

881 122

432 66

447 40

157 11

134 4

7,551 1,047

269,150 230,869

199,900 184,900

Average price

less than 30,000

Condo/

Co-Op

PRICE

CLASS/TYPE

500,000 - 749,999

750,000 - 999,999

over 1,000,000

Total Types

200,000 - 249,999

250,000 - 299,999

90,000 - 99,999

100,000 - 119,999

300,000 - 399,999

400,000 - 499,999

120,000 - 139,999

140,000 - 159,999

160,000 - 179,999

180,000 - 199,999

30,000 - 39,999

40,000 - 49,999

50,000 - 59,999

60,000 - 69,999

70,000 - 79,999

80,000 - 89,999

Single

Family

CURRENT ACTIVE LISTINGS

Median price

08 6 2

8 028

13 11 3 1

13 14 6 4

10 21 4 3

19 18 2 11

11 28 9 15

10 19 2 20

12 76 02 31

42 67 61 43

21 71 22 30

12 70 21 33

5 87 28 14

21 174 76 28

4 112 65 13

4 88 75 12

0 11 38 5

3 11 32 2

00 2 5

1 1 4 0

208 895 432 265

130,458 198,956 286,755 163,903

113,000 188,730 252,500 142,000

TOTALS REPORT

SOLD RESIDENTIAL LISTINGS

PRICE CLASS/TYPE

less than 30,000

30,000 - 39,999

40,000 - 49,999

50,000 - 59,999

60,000 - 69,999

70,000 - 79,999

80,000 - 89,999

90,000 - 99,999

120,000 - 139,999

140,000 - 159,999

over 1,000,000

Total Types

0-2

Bedroom

3

Bedroom

300,000 - 399,999

500,000 - 749,999

750,000 - 999,999

160,000 - 179,999

400,000 - 499,999

MEDIAN PRICE

4+

Bedroom

Condo/

Co-Op

AVERAGE PRICE

180,000 - 199,999

200,000 - 249,999

250,000 - 299,999

100,000 - 119,999

*Sales for the month & current active listings are reported as of 6/13/2016. The Current Active Listings Chart includes all listings available forshowings,including those with offers to purchase. This representation is based in whole or in part on data supplied to the South Central Wisconsin MLSCorporation by its Participants. The MLS does not guarantee and is not responsible for its accuracy. Data maintained by the MLS does not reflect all

real estate activity in the market.

http://www.cbsuccess.com?utm_source=HomeSalesReportMAY

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esSold

SingleFamilySolds(IncCondos)ReportedbytheSouthCentralWIMLSasof6/13/2016

DaneCounty Adams,Columbia,Crawford,Dane,Dodge,Grant,Green,GreenLake,Iowa,Lafayette,Marquette,Richland,Rock,Sauk,Vernon&WausharaCounties

Dane CountySalesMay2016 842May2015 918May2014 816

RegionalCountySalesMay2016 1,613May2015 1,590May2014 1,459

$100,000

$110,000

$120,000

$130,000

$140,000

$150,000

$160,000

$170,000

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$190,000

$200,000

$210,000

$220,000

$230,000

$240,000

$250,000

$260,000

$270,000

$280,000

$290,000

$300,000

MedianSalePriceforSingleFamilySolds(IncCondos)ReportedbytheSouthCentralWIMLSasof6/13/2016

Dane CountyMedianMay2016 $236,400May2015 $230,000May2014 $215,000

RegionalCountyMedianMay2016 $187,900May2015 $183,500May2014 $175,000

1,000

1,500

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2,500

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3,500

4,000

4,500

5,000

5,500

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6,500

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8,500

9,000

9,500

10,000Num

bero

fActiveListings

AvailableSingleFamilyHomes(IncCondos)ReportedbytheSouthCentralWIMLSasof6/13/2016

DaneCounty Adams,Columbia,Crawford,Dane,Dodge,Grant,Green,GreenLake,Iowa,Lafayette,Marquette,Richland,Rock,Sauk,Vernon&WausharaCounties

Dane CountyInventoryMay2016 1,492May2015 1,941May2014 2,567

RegionalCountyInventoryMay2016 5,021May2015 6,427May2014 7,495

0

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tory

MonthsSupplyofInventoryforSingleFamilyHomes(IncCondos)ReportedbytheSouthCentralWIMLSasof6/13/2016

Dane CountySupplyMay2016 2.26MonthsMay2015 3.14MonthsMay2014 4.3Months

RegionalCountySupplyMay2016 4.01MonthsMay2015 5.58MonthsMay2014 6.79 Months

Real Estate Market StatisticsMay 2016

Information provided by the SCWMLS and is based on Single Family Homes and Condos as of June 12, 2016.

Deforest School District May 2016 2016 YTD May 2015 2015 YTD

# New Listings 41 217 33 189

# Sales 43 153 37 125

Average Sale Price $239,039 $266,521 $224,403 $227,424

Median Sale Price Single Family $240,500 $253,875 $232,000 $223,500

Median Sale Price Condo $155,000 $156,000 $143,450 $155,900

Total # Active Residential Listings at end of period 61 84

Edgerton School District

# New Listings 31 189 49 170

# Sales 39 106 20 67



Median Sale Price Condo $154,900 $152,400 - -

Total # Active Residential Listings at end of period 103

Lodi School District

# New Listings 20 101 33 115

# Sales 17 45 12 49



Median Sale Price Condo - $240,000 $332,000 $251,750


McFarland School District

# New Listings 25 125 23 106

# Sales 26 92 27 84





Mount Horeb School District

# New Listings 22 95 24 94

# Sales 16 50 21 48



Median Sale Price Condo $220,000 $185,000 - -


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Oregon School District May 2016 2016 YTD May 2015 2015 YTD

# New Listings 44 174 44 206

# Sales 30 99 48 126





Stoughton School District

# New Listings 48 178 39 196

# Sales 35 115 38 116





Sun Prairie School District

# New Listings 113 466 108 431

# Sales 79 279 84 281





Verona School District

# New Listings 57 240 55 238

# Sales 47 149 55 160





Wisconsin Heights School District


# Sales 13 32 9 26



Median Sale Price Condo - $110,000 - -


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Middleton-Cross Plains School District

May 2016 2016 YTD May 2015 2015 YTD

# New Listings 91 383 83 370

# Sales 52 194 67 200




Total # Active Residential Listings at end of period

163 171

Waunakee School District May 2016 2016 YTD May 2015 2015 YTD

# New Listings 46 250 63 235

# Sales 37 133 27 103





113 152

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Fitchburg Home PricesMay 2016


The city of Fitchburg is served by 3 school districts: Madison, Oregon, Verona

Madison School District in Fitchburg

May 2016 2016 YTD May 2015 2015 YTD

# New Listings 18 121 38 164

# Sales 28 94 22 79





29 59

Verona School District in Fitchburg


# Sales 12 29 9 34



Median Sale Price Condo $385,000 $185,450 - $255,000


35 26

Oregon School District in Fitchburg


# Sales 4 17 8 21



Median Sale Price Condo - $270,000 $284,900 $217,950


3 8

http://www.cbsuccess.com/area/madison-market-update?utm_source=HomeSalesReportMAYhttp://www.cbsuccess.com/area/verona-wi?utm_source=HomeSalesReportMAYhttp://www.cbsuccess.com/area/oregon-wi?utm_source=HomeSalesReportMAY

Madison High SchoolsMay 2016


Lafollette High School

# New Listings 99 402 87 449

# Sales 86 286 108 332





78 138

West High School

# New Listings 98 467 114 519

# Sales 89 298 92 300





171 201

Memorial High School

# New Listings 138 669 168 740

# Sales 153 492 149 504





158 252

East High School May 2016

2016 YTD May 2015

2015 YTD

# New Listings 94 397 97 397

# Sales 68 276 69 245





86 158

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