After a Long Decline, Madeline Island Real Estate Prices Appear to be Stabilizing

Following a long period of falling prices, it appears that home values on Madeline Island may be stabilizing. Trulia statistics indicate that the fairly steep fall in prices since January 1, 2012 has begun to level out.

At the same time, listing inventory has begun to rebound since February 22, as sellers are beginning to return to the market in anticipation of the spring and summer tourist influx to the Island.

In addition to the statistics reported by Trulia, there are signs that buyer interest in Madeline Island is picking up. Showing traffic has been unusually brisk in our Madeline Island Realty office since the beginning of 2012.

It's too early to predict the rest of the year, but signs point to a resurgence of sales on Madeline Island, perhaps the best sales volume since 2006 if current trends continue.