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Days on Market - June 2014


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Monthly Trend - Madison Area Single family homes

The June average days on market for listings that sold was 51 days, down from 59 days in June of 2013. The June average days on market for listings that expired was 173 days, up from 169 days in June of 2013.

The graph below shows the days on market for sold Dane County listings dating back to the beginning of 2005. Each red data point represents an increase in the days on market from the same month of the prior year. Each green data point represents a decrease. Days on market for sold listings in the Madison area have been trending lower for the past two years. 

Note the seasonality in days on market. Listings tend to sell more quickly in the spring and summer, and more slowly in the fall and winter.

The graph below shows the days on market for expired Dane County listings dating back to the beginning of 2005. Each red data point represents an increase in the days on market from the same month of the prior year. Each green data point represents a decrease. 

Year-to-Date Trend - Madison Area Single Family Homes

The year-to-date average days on market for Madison area listings that sold was 67 days, down from the average of 78 days on market last last year. The year-to-date average days on market for listings that expired was 192 days, up from 184 days in 2013.

Recent History - Single Family Homes

From the graph below you’ll see the days on market for sold and expired listings increased significantly from 2004 to 2011, but that trend reversed in 2012 and 2013. 

Recent History - Total Days on Market Experience

The total days on market eperience improved tremendously in 2012 and 2013. This measure approximates the average amount of time it takes to sell a home, by taking into account the listing success rate, the days on market for sold listings, and the days on market for expired listings. The 2013 total days on market experience was the lowest since 2005.

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About us

This information is provided courtesy of Dan MillerShawn Kriewaldt, and Chris Vendenof Keller Williams Realty and DaneCountyMarket.com. For more information, please contact:

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