Sold and Expired Volume - May 2010

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Monthly Trend - Single Family Homes May 2010 sales volume for Dane County homes increased from the sales volume registered in May 2009. The number of expired listings also increased. A total of 537 Dane County homes sold in May compared to 429 homes in May of 2009 - an increase of 25.2%. Meanwhile 210 Dane County listings expired in May, compared to 195 in May of 2009 – an increase of 7.7%. The graph below shows monthly sales volume dating back to January, 2005. Each green data point represents a volume increase from the same month of the prior year. Each red data point represents a volume decrease. Note the seasonality in sales volume. Roughly 75% of all home sales occur during the months that span from March to September. The following graph shows the monthly expired listing volume dating back to January, 2005. Each green data point represents an expired listing volume decrease from the same month of the prior year. Each red data point represents an increase. Monthly year-over-year expired listing volume had been on a steady upward path through January of 2007; however, expired listing volume has decreased in recent months. The moderation is due to two factors. First, sellers and real estate brokerages have adjusted to the market by signing contracts that allow for longer marketing timeframes. Second, lender owned properties and the home buyer tax credit have spurred the market, leading to more sales and fewer expired listings. Year-to-Date Trend - Single Family Homes Dane County year-to-date sales volume through the month of May increased by 26% from the sales volume levels of 2009, while the number of expired listings decreased by 17.3%. A total of 1,666 Dane County homes sold through the month of May, compared to 1,322 during the same time period in 2009. A total of 1,152 listings expired through the month of May, compared to 1,393 in 2009. Recent History - Single Family Homes From the graph below you'll see sales volume for single family homes peaked in 2005, while expired listing volume increased every year from 2004 through 2007. Sales volume in 2008 decreased to the lowest levels of the decade. The number of expired listings exceeded the number of sales in 2008 - for the first time in the decade. More Dane County home reports Dane County market snapshot, covering 18 locations How home prices have changed over time A closer look at inventory How listing success rates have changed over time How marketing time requirements have changed over time How housing starts have changed over time About us This market update is provided courtesy of Dan Miller and Shawn Kriewaldt of Keller Williams Realty and DaneCountyMarket.com. For more information, please contact Dan at 608-852-7071 (danielmiller@kw.com) or Shawn at 608-212-5743 shawnkriewaldt@kw.com). Don't forget: if you're buying or selling, whether your timeline is 3 months or 3 years, we can help. Track the market and search for Real Estate Did you know you can receive our monthly updates via email? Just go to our newsletter sign-up, enter your email address, and select your topic(s) of interest. Our real estate search tools are easy-to-use. Learn how you can simplify your search by saving your search settings, receiving email updates, and tracking your own list of "favorite" properties.  Search for South Central Wisconsin Real Estate Now Email this article to a friend: Email To: Email From: Name of Sender: Optional Message: Please enter the numbers/characters in the picture for verification *  Back