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 The Madison homes for sale market has been red hot for years. Growth is steady year after year as more investors and homeowners are attracted to Madison’s beautiful waterfront location and the University of Wisconsin. While many Madison homes for sale have been on the market for a long time, there are plenty of buyers who are in bidding wars over other Madison homes for sale. For those Madison homes for sale that have been on the market for less than 2 months, we assume their agents and owners have correctly priced them.
Madison homes for sale investors have a funny feeling from the fact that any tenant with a job could get a loan in the last 4 years and buy great Madison homes for sale, leading to higher vacancy rates. That is now changing as the influx of new residents absorbs the surplus.
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Madison homes for sale that are correctly priced, are receiving sometimes multiple offers within a few percent of their asking price. Those Madison homes for sale that are over-priced, on the other hand, are sitting on the market indefinitely. Available Madison homes for sale are still too many, but those priced competitively are moving well. Prices of Madison homes for sale have stabilized around 2004 levels. If you are thinking of selling your home in Madison, make sure you are competitive in condition, terms, and incentives for buyers and their agents.
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