Image: Chart showing seasonality in the Madison WI housing market. Selling price relative to list price.
Data provided by Redfin, a national real estate brokerage. Redfin publishes a wide array of monthly and weekly data which we have filtered to reflect the market in metro Madison WI. If you have a specific data point you are interested in or have any questions, please contact us.
Weekly data is updated by Redfin every Wednesday. Monthly data is updated on Wednesday of the third full week of the month.
Table of Contents
- Median Sales Price Trend
- Number of Homes Sold Trend
- New Listings Trend
- Off Market in Two Weeks as a Percentage of Pending Sales
- Average Sale to List Price Ratio
- Days on Market (DOM)
- Months of Supply
- Active Listings
Weekly Data
Median Sales Price Trend
This chart visualizes the sales price trend relative to previous months and the last few years. We can see if the seasonal pattern for the current year is similar to previous years.
Number of Homes Sold Trend
How active is the current market relative to previous years?
New listings Trend
We see a strong seasonal pattern with the most new listings coming into the market in the Spring.
Off Market in Two Weeks as a Percentage of Pending Sales
Metric definition from Redfin: The percentage of homes that went under contract, meaning the seller accepted an offer from a buyer, within two weeks of its listing date.
Average Sale to List Price Ratio
This metric is a measure of buyer demand. When homes are selling, on average, over the list price, buyer demand is strong. When selling, on average, at or below list price, demand is neutral or light. This is a lagging indicator as sale prices are reported after closing, so its more a reflection of what demand looked like 4-6 weeks ago. A strong seasonal pattern is apparent in this chart with demand typically peaking in the Spring.
Monthly Data
Days on Market (DOM)
How quickly homes are selling is an indicator of buyer demand. Fewer days on market typically indicates a stronger seller’s market and greater buyer urgency.
Months of Supply
Metric definition from Redfin: The length of time it would take for the existing supply of homes for sale to be bought up at the market’s current pace of sales, assuming no new homes came on the market. This is calculated by dividing inventory by home sales. It’s typically used to measure the balance between supply and demand; higher supply indicates a buyer’s market, while lower supply indicates a seller’s market.
Active Listings
How many homes are currently for sale (inventory) relative to previous months and years.
Questions About Madison’s Market?
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