In the past few weeks, we’ve reported how the inventory of single-family homes in Dane County varies by price range and between communities. The inventory also varies across neighborhoods within the city of Madison.

Demand for housing is highest relative to the supply of homes on the market in and around Madison. As a result, sellers in these areas tend to have more leverage than sellers in perimeter communities

When organized by a price range, the results from the months of inventory are greatly varied.

The total days on market experience for the average Dane County home seller jumped from 113 days (3.7 months) in 2005 to 210 days (6.9 months) in 2007.

According to MLS data compiled by DaneCountymarket.com, the average days on market for MLS listings has increased considerably since 2005.

According to MLS data compiled by DaneCountyMarket.com, the listing success rate dropped considerably for both homes and condos to 5.2% and 4.0% respectively.

According to an analysis of MLS data by DaneCountyMarket.com, annual sales of condominium and houses peaked in 2005.

The housing bubble has burst in many areas of the United States and the decline is not limited to regions experiencing economic slowdowns. However, it has been more resilient in Dane County, WI than many areas of the country