How Madison and Dane County home values have changed

According to our recent review of MLS data, the peak year for Dane County home prices was 2006. In 2011, the average Dane County home sold for 11.6% less than its 2006 value.

The results of our study also include the following:

• Prices continued to trend lower in 2011. Home values in 2011 decreased by 2.2% from 2010. 
• The average bank-owned foreclosure sold for 28.4% less in 2011 when compared to its previous sale price.
• The average short sale home sold for 24.7% less in 2011 when compared to its previous selling price.
• Price trends vary a lot by location.
• Prices have been very stable in some areas. For example, home values in many of Madison's near-west side neighborhoods have held up very well.

You can view the full report here, as well as download an Excel spreadsheet which allows you to see how prices have changed by subdivision and MLS location. We view this report as the best representation of price trends in our area, because it's based on how prices for the same properties have changed over time.

Stay tuned for our condo price report - coming soon.

Brought to you buy the DaneCountyMarket.com real estate team at Keller Williams Realty, Madison, WI

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