How the condo market is trending

Last month 7% of all Dane County condo listings were under contract. This month the number is up to 10%. For every one condo listing currently under contract, another 9 condo listings are working for an accepted offer.

Here's how the percent under contract by price range has changed from last month to this month.

As you can see from the table above, the condo market varies a lot by price category. We are seeing an increased level of buyer interest for condos priced under $200,000. Our impression is the $8,000 first-time homebuyer tax credit is helping the condo market. We'll take a similar look at the condo market later this summer.

Have a good one,

Dan Miller, Keller Williams Realty and DaneCountyMarket.com