Madison Area Property Values Rise In 2014, Where Will They Go In 2015?
According to the Wisconsin Realtors Association statistics median house prices in the State of Wisconsin increased from $143,500 to $148,000 which is a 3% increase. In Dane County things were a slightly stronger with median prices rising 4% from $211,000 to $220,000. Statewide home values have increased year over year for 33 of the last 34 months. I think it’s safe to say we are well into a housing recovery and approaching the typical slow and steady value increases that the Madison area has seen historically. Experts are forecasting another 4% increase in home values for 2015. I would tend to agree with that prediction, but only time will tell.