07/20/2026
"All Real Estate is Local" is an old saying for a reason...it's true. ANDDDD it's "Hyper Local" by many variables, type, age, location, size, condition and more! LOTSA Variables in Real Estate!
Here's the latest on National Sales stats.... https://southfloridaagentmagazine.com/2026/07/16/nar-pending-home-sales-june-26/
Here in Madison, things are strong Year over Year in June to Mid July...we've sold 1.5% more single family homes than in 25 with just under 4% average price increase..slower than previous years but median days on market is ONLY 6 days! Clearly a "Sellers" Market.
For Condos, we've sold OVER 28 PERCENT More this year in same time!! (hint...that's about affordability..and WHY we should encourage more built or conversions of apartments that would be good "Fits" for our market!)
Going back in time to '22, the first full Covid boom year..our numbers aren't that far below then for same period BUT the Prices ARE VASTLY different..single family average is 41% percent Higher and condo average is 34% higher! OUCH! Especially because interest rates are more than twice as much then..we were pushing 6.5 plus for sf and higher for condos last week!
/Madison/America we have a Housing Problem...and its in rentals too! ! !
AND the National conversation in appropriate housing policy!
Pending home sales in June were down slightly on an annual basis with a larger month-over-month decline, NAR said.