Looking at the Verona real estate market activity since June 1st, 2007

What is the holding inventory or absorption rate in Verona? How long would it take to sell a home?

How we calculate that data is:

• How many homes are selling in a month?
• Based on the current active inventory, how long would it take to sell?

So the average home sales in Verona is 11.6 a month.

• 35 total sales since June 1st.

There are 103 current active listings for sale in Verona. If we said no more listings are allowed to come on the market, with an average of 11.6 selling a month, it would take 8.9 months to absorb the existing inventory.

This means Verona is a balanced market.

Related Posts:

Verona Real Estate Market Trends

Is Now A Good Time To Buy Real Estate?

Why are homes taking so long to sell?

A rate cut was expected today, but the aggressive .50% rate in both the Federal Funds Rate and the Discount Rate surprised many, including myself.

The Federal Reserve lowered its benchmark interest rate by a half point to 4.75 percent, this is the first Fed rate cut in four years!

We wrote more about the rate cuts, the stock market and the housing market at our main blog, The Gardyn.

I have talked in past the housing market in Madison is slowing more on psychological reasons, instead of a fundamental reasons. This will probably help many buyers that are sitting on the fence start get more serious.

Related Posts:

The Fed Decides On Interest Rates Today

Is Now A Good Time To Buy?

Mortgage Interest Rates

Madison Real Estate Market

Dane County Days On Market

Looking at the trending of the last five years of the Verona real estate market.

We looked at total number of single family homes that had been listed in Verona started at January 1st, 07 thru to today. We then looked at the total number of single family homes that had sold in Verona in that same time period.

The Verona single family residential market has been a steady-eddy. Solds are off pace, but listings and inventory has dropped also. 

I have posted an update of the entire Dane County Real Estate Market at The Gardyn.

It looks at the month of July for the last five years. 

For Verona Real Estate info:

Verona Wisconsin Real Estate Sold Prices

Verona Wisocnsin Real Estate Days On Market

A comparison of sold real estate prices for Verona, Wisconsin in the greater Madison, Wisconsin area.

Looks as though if you want to live in Verona in get a good price on housing go shopping for a condo.

Related Posts:

Verona Wisconsin Real Estate Days On Market

Real Estate Price Per Square Foot In Verona Wisconsin

New Listing – Heritage Woods Condo In Verona, Wisconsin

A comparision of days on market for real estate in Verona, Wisconsin.

In looking at this graph, it might look like it is hard pressed to find any comparisons. Days on market for Verona Condos is all over the place with a high a 173 days and a low of 25 days. Days on Market for Verona Single Family home’s has had some ups and downs and not showing any consistency.

What jumps at us though, is the correction in May for both condos and single family. It didn’t stick though.

Related Posts:

Dane County Real Estate Days On Market

Madison Real Estate Market Update: June

Price Per Square Foot In Verona Wisconsin

According to Trulia.com the average price per square foot in Verona, Wisconsin is $157.

Homes similiar to our listing at 427 Cross Country, Verona Wisconsin is $145 per square foot.

We have a motivated seller, we have explained to them what the market is doing and what they need to do to get their home sold. We worked with them on pricing their 2,786 square foot property at $234,890! That means it is only $84 a square foot! Someone is going to get a good deal.

Schedule your private showing today! EdynRealEstate@gmail.com

Related Posts:

New Listing: Heritage Woods Condo In Verona, Wisconsin

Dane County Real Estate Days On Market

Save Gas

Mortgage Interest Rates

Also visit Edyn Real Estate’s Blog- “The Gardyn”