Plenty of buying opportunities on the horizon in Dane County

Approximately 24% of the home and condo sales in Dane County are related to foreclosure. This is according to a new measure - the distressed property index - that we've developed along with Peter Zarov from Homestead Title. The graph below shows how the index has grown by almost 5 times since January of 2006.

We expect the index to grow in the coming months due to the recent spike in foreclosure filings. This means we'll see a greater percentage of Dane County sales going to short sales and lender-owned (REO) sales.

Keep in mind this index is an approximation. You can read more about the index and how it is calculated here.

Have a good day,

Dan Miller, Realtor, Certified Distressed Property Expert, Keller Williams Realty and DaneCountyMarket.com