May 2009
|
|
Single Family Homes |
Condos |
All |
|
New Listings |
235 |
142 |
377 |
|
Currently Listed |
894 |
1010 |
1904 |
|
Average List Price |
$370,999 |
$241,971 |
$302,555 |
|
Number Sold |
130 |
66 |
196 |
|
Average List Price – Sold |
$275,437 |
$179,323 |
$243,072 |
|
Average Sale Price |
$268,536 |
$173,454 |
$236,519 |
|
Average Days on Market |
86 |
183 |
118 |
Compared to Last Month (April)
|
|
Single Family Homes |
Condos |
All |
|
New Listings |
235 |
125 |
360 |
|
Currently Listed |
869 |
1008 |
1877 |
|
Average List Price |
$375,469 |
$237,661 |
$301,462 |
|
Number Sold |
83 |
36 |
119 |
|
Average List Price – Sold |
$284,850 |
$212,583 |
$262,988 |
|
Average Sale Price |
$271,183 |
$204,087 |
$250,885 |
|
Average Days on Market |
94 |
94 |
94 |
Bob
608-235-6701
bob@bentleyrealtygroup.net
www.bentleyrealtygroup.net
Bentley Realty Group is Your Clear Choice in Madison Area Real Estate!
Information obtained from the South Central Wisconsin MLS, deemed reliable, but not guaranteed.
May 2009
|
|
Single Family Homes |
Condos |
All |
|
New Listings |
159 |
50 |
209 |
|
Currently Listed |
640 |
541 |
1181 |
|
Average List Price |
$278,176 |
$206,491 |
$245,338 |
|
Number Sold |
87 |
17 |
104 |
|
Average List Price – Sold |
$194,044 |
$137,529 |
$184,806 |
|
Average Sale Price |
$186,769 |
$134,101 |
$178,160 |
|
Average Days on Market |
74 |
142 |
85 |
Compared to Last Month (April)
|
|
Single Family Homes |
Condos |
All |
|
New Listings |
184 |
79 |
263 |
|
Currently Listed |
610 |
540 |
1150 |
|
Average List Price |
$283,280 |
$204,112 |
$246,106 |
|
Number Sold |
54 |
18 |
72 |
|
Average List Price – Sold |
$197,467 |
$159,027 |
$187,857 |
|
Average Sale Price |
$187,611 |
$149,816 |
$178,162 |
|
Average Days on Market |
79 |
103 |
85 |
Bob
608-235-6701
bob@bentleyrealtygroup.net
www.bentleyrealtygroup.net
Bentley Realty Group is Your Clear Choice in Madison Area Real Estate!
Information obtained from the South Central Wisconsin MLS, deemed reliable, but not guaranteed.
May 2009
|
|
Single Family Homes |
Condos |
All |
|
New Listings |
713 |
250 |
963 |
|
Currently Listed |
3191 |
2156 |
5347 |
|
Average List Price |
$338,125 |
$219,544 |
$290,311 |
|
Number Sold |
376 |
102 |
478 |
|
Average List Price – Sold |
$248,379 |
$173,684 |
$232,440 |
|
Average Sale Price |
$240,185 |
$168,219 |
$224,828 |
|
Average Days on Market |
85 |
161 |
101 |
Compared to Last Month (April)
|
|
Single Family Homes |
Condos |
All |
|
New Listings |
777 |
309 |
1086 |
|
Currently Listed |
3137 |
2147 |
5284 |
|
Average List Price |
$340,846 |
$217,577 |
$290,759 |
|
Number Sold |
265 |
82 |
347 |
|
Average List Price – Sold |
$253,201 |
$186,402 |
$237,416 |
|
Average Sale Price |
$241,231 |
$177,253 |
$226,112 |
|
Average Days on Market |
93 |
121 |
100 |
Bob
608-235-6701
bob@bentleyrealtygroup.net
www.bentleyrealtygroup.net
Bentley Realty Group is Your Clear Choice in Madison Area Real Estate!
Information obtained from the South Central Wisconsin MLS, deemed reliable, but not guaranteed.
This is great news for all of you first-time homebuyers using an FHA insured mortgage. Below is an article published by Reuters.
WASHINGTON, May 29 (Reuters) - The Federal Housing Administration will allow the new $8,000 first-time homebuyer tax credit to be applied directly toward home purchase costs when using an FHA-insured mortgage, the Department of Housing and Urban Development said on Friday.
The plan to "monetize" the tax credit up-front is aimed at more quickly stabilizing the housing market, HUD Secretary Shaun Donovan said in a statement.
But in detailed rules, the FHA will still require home buyers to provide a minimum 3.5 percent downpayment from other sources.
The $8,000 tax credit for first-time home buyers was created as a part of the Obama administration's $787 billion stimulus plan. Some private lenders already were allowing buyers to apply the credits directly toward purchase costs through special financing schemes.
With the FHA following in a similar vein, a significant portion of the first-time homebuyer market will have up-front access to the credits instead of waiting until tax returns are filed.
"What we're doing today will not only help these families to purchase their first home but will present an enormous benefit for communities struggling to deal with an oversupply of housing," Donovan said in a statement
FHA-insured loans, which largely have replaced the subprime mortgage market, now accounts for about 25 percent of new mortgages, senior HUD officials said, versus about 2 percent of the market two years ago. At this pace, the agency will insure some 2.2 million mortgages this year.
The National Association of Home Builders estimates that the $8,000 first-time homebuyer credit will stimulate 160,000 home sales across the United States -- 101,000 purchases from first-time buyers and another 59,000 purchases by existing homeowners who sold dwellings to first-time buyers.
Bob
608-235-6701
bob@bentleyrealtygroup.net
www.bentleyrealtygroup.net
Bentley Realty Group is your Clear Choice in Real Estate!
The average listing price of homes for sale in Madison made a very slight increase of .8% during the past week from $247,608 last week to $249,644 this week. The median sales price for the quarter dropped from $210,000 to $208,500. There are currently 2629 homes for sale in Madison compared to last week of 2621. Foreclosures are actually beginning to drop a bit and are getting closer to 170 each week.
Bob
608-235-6701
bob@bentleyrealtygroup.net
www.bentleyrealtygroup.net
Bentley Realty Group is Your Clear Choice in Madison Area Real Estate!
The real estate market data provided was obtained from Trulia.com Information is deemed reliable, but not guaranteed.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved