While August homes sales in Dane County did not set records like June and July, the 713 sales are slightly more than 2014, keeping the year-to-date total 13.8% ahead of last year in Dane County, the South Central MLS reports
The median sale price in Dane County rose 5% for the month and is 4.6% higher for the year compared to last year ($230,000 vs. $219,900). Prices continue to show strength from the recessionary lows.
Buyers and sellers are encouraged to take advantage of the conditions in the market place – especially as mortgages continue to be available at very low rates. Mortgage rates have moved in a very narrow range, hovering just above or below 4% for most of the year. Average contract interest rate for a 30-year fixed-rate mortgages decreased from 4.10% to 4.09%, with points increasing to .42 from .39 reports CNBC
For information about current market conditions, or to discuss the right time for you to buy or sell a house, contact Josh Lavik & Associates at 608-620-4234.