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Home Sales Report March 2016

April 12, 2016

First Quarter Housing Market: Sales and Prices Up

The first quarter of 2016 finished with both home sales and median prices higher than one year ago. For Dane County, sales are 1.5% ahead of 2015 (which ended the year as the second best ever for home sales). For the balance of the SCWMLS Region* (excluding Dane County), sales increased 4.6%.

Median sale prices are also higher than 2015 – up 4.5% for the quarter in Dane County to $230,000 and up 8.1% to $129,700 for the SCWMLS Region (again excluding Dane County).

March Home Sales Report

Active listings continue to drop – down 30% from last year in Dane County and down 18% in the SCWMLS Region. As a result, inventory is extremely lean in Dane County while a more balanced level in the SCWMLS Region.

Interest rates at the end of the month continue at historic lows – still below 4%.

Source: Freddie Mac (freddiemac.com)

As we enter spring – historically a very busy home buying/selling time – what are we watching? Of course, the overall economy will be one factor. After a very shaky start, the stock market finished the first quarter on a positive note. The economy strengthened, jobs grew and the consumer confidence index bounced back. According to the National Association of REALTORS®, the number of consumers planning to purchase is at an 8 year high.

We will also be monitoring the active inventory. The next several months have traditionally been very busy with respect to new listings. With current inventory in short supply in many markets, this influx of homes for sale would be a welcome sight to prospective home buyers.

Lastly, it appears that interest rates will remain very favorable – at least for the time being. This will be helpful with affordability and buying power. The signs for are there for a very good spring season.

*The SCWMLS Region includes Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake,Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon and Waushara Counties.

2016 2015 2014 2016 2014 2013138 140 113 270 287 26365 57 46 135 123 120

181,777 153,365 173,207 177,925 160,488 150,567170,000 124,700 134,450 163,000 139,900 127,250

331 402 469 331 402 469

2016 2015 2014 2016 2015 2014997 1,096 965 2,416 2,454 2,314598 591 488 1,284 1,264 1,099

260,299 255,100 233,683 263,686 250,877 232,158230,000 222,000 207,000 230,000 219,950 203,000

1,354 1,927 2,304 1,354 1,927 2,304

2016 2015 2014 2016 2015 2014298 285 249 617 650 594141 182 147 356 373 342

135,060 133,917 109,208 132,305 124,531 112,237124,000 124,000 105,000 124,250 115,000 100,000

545 714 854 545 714 854 Total # Active Residential Listings at end of Period

ROCK COUNTY # New Listings # Sales Average Sale Price Median Sale Price

DANE COUNTY

Total # Active Residential Listings at end of Period

Current sales reported as of April 12, 2016 - More MLS statistics are available at cbsuccess.com/home-sales-reportsNOTE - This representation is based in whole or in part on data supplied to the South Central Wisconsin MLS Corporation by its Participants.

The MLS does not guarantee and is not responsible for its accuracy. Data maintained by the MLS does not reflect all real estate activity in the market.

Total # Active Residential Listings at end of Period

MARCH STATISTICS JANUARY - MARCH COLUMBIA COUNTY # New Listings # Sales Average Sale Price Median Sale Price

# New Listings # Sales

South Central Wisconsin MLS Sold & Active Residential Listings (Including Condos)

Average Sale Price Median Sale Price

4

53 1

75 7

120 12

161 21

215 23

217 33

270 31

246 48

425 68

524 88

482 77

449 104

432 62

875 146

615 74

752 110

390 60

388 48

149 12

128 4

6,966 1,029

266,839 231,329

194,900 184,800 Median price

Single Family

CURRENT ACTIVE LISTINGS

30,000 - 39,999

40,000 - 49,999

50,000 - 59,999

60,000 - 69,999

70,000 - 79,999

80,000 - 89,999

90,000 - 99,999

100,000 - 119,999

300,000 - 399,999

400,000 - 499,999

120,000 - 139,999

140,000 - 159,999

160,000 - 179,999

180,000 - 199,999

Average price

less than 30,000

Condo/Co-Op

PRICECLASS/TYPE

500,000 - 749,999

750,000 - 999,999

over 1,000,000

Total Types

200,000 - 249,999

250,000 - 299,999

*Sales for the month & current active listings are reported as of 4/12/2016. The Current Active Listings Chart includes all listings available for showings, including those with offers to purchase. This representation is based in whole or in part on data supplied to the South Central Wisconsin MLS Corporation by its Participants. The MLS does not guarantee and is not responsible for its accuracy. Data maintained by the MLS does not reflect all real estate activity in the market.

More MLS statistics are available at cbsuccess.com/home-sales-reports

15 7 2

4 10 1 0

39

2

8 11 3 2

11 29

2

11 11 5 4

5 19 8 6

13 15 5 12

7 41 14 15

51 54 31 23

7 49 15 25

6 59 22 24

5 41 22 14

8 115 48 13

7 73 45 10

3 36 59 10

1 17 39 4

0 3 17 3

41 02

0 1 01

136 567 327 167

118,326 196,591 280,950 177,414

95,000 183,000 250,000 155,900 MEDIAN PRICE

4+Bedroom

Condo/Co-Op

AVERAGE PRICE

180,000 - 199,999

200,000 - 249,999

250,000 - 299,999

100,000 - 119,999

over 1,000,000

Total Types

0-2Bedroom

3Bedroom

300,000 - 399,999

500,000 - 749,999

750,000 - 999,999

160,000 - 179,999

400,000 - 499,999

60,000 - 69,999

70,000 - 79,999

80,000 - 89,999

90,000 - 99,999

120,000 - 139,999

140,000 - 159,999

TOTALS REPORTSOLD RESIDENTIAL LISTINGS

PRICE CLASS/TYPE

less than 30,000

30,000 - 39,999

40,000 - 49,999

50,000 - 59,999

0

0

0

100

200

300

400

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

1800

1900

2000Num

ber o

f Hom

es Sold

Single Family Solds (Inc Condos)Reported by the South Central WI MLS as of 4/12/2016

Dane County Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon & Waushara Counties

Dane County SalesMarch 2016 ‐ 598March 2015 ‐ 591   March 2014 ‐ 488

Regional County SalesMarch 2016  1,077March 2015  ‐ 1,084March 2014  ‐ 912

$100,000

$110,000

$120,000

$130,000

$140,000

$150,000

$160,000

$170,000

$180,000

$190,000

$200,000

$210,000

$220,000

$230,000

$240,000

$250,000

$260,000

$270,000

$280,000

$290,000

$300,000

Median Sale Price for Single Family Solds (Inc Condos)Reported by the South Central WI MLS as of 4/12/2016

Dane County MedianMarch 2016 ‐ $230,000March 2015 ‐ $222,000March 2014 ‐ $207,000

Regional County MedianMarch 2016 ‐ $186,000March 2015 ‐ $177,974March 2014 ‐ $165,000

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

8,000

8,500

9,000

9,500

10,000Num

ber o

f Active Listings

Available Single Family Homes (Inc Condos)Reported by the South Central WI MLS as of 4/12/2016

Dane County Adams, Columbia, Crawford, Dane, Dodge, Grant, Green, Green Lake, Iowa, Lafayette, Marquette, Richland, Rock, Sauk, Vernon & Waushara Counties

Dane County InventoryMarch 2016 ‐ 1,397March 2015 ‐ 1,802March 2014 ‐ 2,243

Regional County InventoryMarch 2016 ‐ 4,603March 2015 ‐ 5,709March 2014 ‐ 6,516

0

1

2

3

4

5

6

7

8

9

10

11

12

Mon

ths o

f Inven

tory

Months Supply of Inventory for Single Family Homes (Inc Condos)Reported by the South Central WI MLS as of  4/12/2016

Dane County SupplyMarch 2016 ‐ 2.04 Months  March 2015 ‐ 3.23 MonthsMarch 2014 ‐ 3.76 Months

Regional County SupplyMarch 2016 ‐ 3.72 MonthsMarch 2015 ‐ 5.24 MonthsMarch 2014 ‐ 5.97 Months

Months Supply = current inventory divided by the average sales for the most current 12 months

Real Estate Market Statistics—March 2016

Information provided by the SCWMLS and is based on Single Family Homes and Condos as of April 13, 2016.

Deforest School District March 2016 2016 YTD March 2015 2015 YTD

# New Listings 55 129 45 106# Sales 31 74 24 65Average Sale Price $228,704 $264,318 $236,308 $228,948Median Sale Price Single Family $247,500 $250,000 $209,900 $220,250Median Sale Price Condo $130,125 $158,000 $188,000 $218,000Total # Active Residential Listings at end of period 67 97Edgerton School District# New Listings 50 109 34 77# Sales 11 39 9 30Average Sale Price $165,586 $158,313 $172,700 $146,505Median Sale Price Single Family $176,000 $155,500 $173,000 $132,750Median Sale Price Condo —- —- —- —-Total # Active Residential Listings at end of period 112Lodi School District# New Listings 24 48 28 51# Sales 9 19 10 21Average Sale Price $273,600 $272,671 $200,480 $215,357Median Sale Price Single Family $250,000 $250,000 $188,000 $184,625Median Sale Price Condo $383,750 $311,225 $190,950 $149,000Total # Active Residential Listings at end of period 75McFarland School District# New Listings 34 71 33 57# Sales 13 39 19 34Average Sale Price $249,039 $287,695 $265,549 $272,202Median Sale Price Single Family $262,900 $266,450 $279,623 $267,500Median Sale Price Condo $213,000 $231,000 $241,900 $235,950Total # Active Residential Listings at end of period 39 51

Mount Horeb School District# New Listings 21 48 19 47# Sales 14 25 11 18Average Sale Price $349,036 $304,456 $375,982 $332,433Median Sale Price Single Family $297,000 $282,000 $279,000 $262,450Median Sale Price Condo $145,000 $145,000 —- —-Total # Active Residential Listings at end of period 40 57

Real Estate Market Statistics—March 2016

Information provided by the SCWMLS and is based on Single Family Homes and Condos as of April 13, 2016.

Oregon School District March 2016 2016 YTD March 2015 2015 YTD

# New Listings 39 85 46 105# Sales 13 39 23 56Average Sale Price $262,657 $275,857 $314,870 $274,720Median Sale Price Single Family $257,500 $270,000 $342,000 $272,000Median Sale Price Condo $180,000 $248,950 $163,500 $117,500Total # Active Residential Listings at end of period 68 85Stoughton School District# New Listings 38 93 47 97# Sales 27 55 26 49Average Sale Price $243,910 $231,634 $194,504 $212,126Median Sale Price Single Family $220,000 $217,500 $204,900 $205,000Median Sale Price Condo —- $142,500 $166,900 $168,100Total # Active Residential Listings at end of period 67 86

Sun Prairie School District# New Listings 96 227 91 211# Sales 64 143 66 130Average Sale Price $231,387 $232,661 $233,082 $226,310Median Sale Price Single Family $241,514 $249,000 $232,000 $227,000Median Sale Price Condo $143,500 $143,750 $144,000 $143,000Total # Active Residential Listings at end of period 108 140Verona School District# New Listings 54 135 60 130# Sales 32 60 32 66Average Sale Price $350,646 $303,275 $294,843 $287,103Median Sale Price Single Family $325,101 $313,017 $286,200 $280,000Median Sale Price Condo $179,900 $173,750 $158,450 $146,900Total # Active Residential Listings at end of period 97 95Wisconsin Heights School District# New Listings 13 30 15 31# Sales 7 16 6 11Average Sale Price $184,604 $161,602 $526,000 $392,115Median Sale Price Single Family $173,365 $173,365 $260,500 $249,000Median Sale Price Condo $145,000 $110,000 —- —-Total # Active Residential Listings at end of period 30 47

Real Estate Market Statistics—March 2016

Information provided by the SCWMLS and is based on Single Family Homes and Condos as of April 13, 2016.

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Middleton-Cross PlainsSchool District

March 2016

2016 YTD March 2015

2015 YTD

# New Listings 82 194 95 209# Sales 43 88 40 78Average Sale Price $385,304 $415,602 $297,469 $322,065

Median Sale Price Single Family $394,000 $405,000 $320,000 $350,000

Median Sale Price Condo $151,500 $145,500 $153,500 $128,900

Total # Active Residential Listings at end of period

149 168

Waunakee School District March 2016

2016 YTD March 2015

2015 YTD

# New Listings 54 150 45 117

# Sales 36 66 25 54Average Sale Price $331,467 $335,617 $334,872 $326,274

Median Sale Price Single Family $415,000 $386,000 $387,500 $357,500

Median Sale Price Condo $209,900 $215,000 $150,000 $154,950

Total # Active Residential Listings at end of period

111 113

Fitchburg Home Prices—March 2016

Information provided by the SCWMLS and is based on Single Family Homes and Condos as of April 13, 2016.

Madison School District in Fitchburg

March 2016

2016 YTD March 2015

2015 YTD

# New Listings 32 76 39 83

# Sales 18 40 16 34Average Sale Price $297,449 $300,032 $238,900 $245,016

Median Sale Price Single Family $325,000 $309,500 $269,750 $285,000

Median Sale Price Condo $179,900 $173,500 $183,000 $175,500

Total # Active Residential Listings at end of period

28 45

Verona School District inFitchburg

# New Listings 17 43 16 39# Sales 4 10 8 14

Average Sale Price $290,100 $240,700 $215,688 $220,279

Median Sale Price Single Family $270,000 $261,500 $225,250 $205,500

Median Sale Price Condo $188,900 $182,000 $174,500 $255,000

Total # Active Residential Listings at end of period

36 29

Oregon School District inFitchburg

# New Listings 2 8 5 12

# Sales 2 7 4 10

Average Sale Price $337,926 $288,808 $309,750 $305,830

Median Sale Price Single Family $337,926 $319,900 $342,000 $319,950

Median Sale Price Condo —- —- —- —-

Total # Active Residential Listings at end of period

3 6

Madison High Schools—March 2016

Information provided by the SCWMLS and is based on Single Family Homes and Condos as of April 13, 2016.

Lafollette High School

# New Listings 91 213 102 250

# Sales 49 112 66 130Average Sale Price $205,139 $197,947 $199,339 $191,212

Median Sale Price Single Family $218,000 $208,000 $193,000 $190,000

Median Sale Price Condo $117,650 $115,300 $133,000 $117,300Total # Active Residential Listings at end of period

78 160

West High School

# New Listings 99 246 129 262# Sales 67 131 51 125

Average Sale Price $309,491 $317,279 $306,993 $301,383

Median Sale Price Single Family $295,000 $295,000 $280,000 $275,000

Median Sale Price Condo $206,750 $227,500 $190,000 $191,500

Total # Active Residential Listings at end of period

160 175

Memorial High School

# New Listings 148 352 161 387

# Sales 96 201 95 215Average Sale Price $222,530 $243,129 $239,093 $247,355Median Sale Price Single Family $252,000 $260,500 $258,386 $258,000

Median Sale Price Condo $138,950 $143,500 $141,700 $142,700Total # Active Residential Listings at end of period

159 254

East High School March2016

2016 YTD March2015

2015 YTD

# New Listings 69 190 100 201# Sales 57 132 40 118Average Sale Price $199,479 $192,523 $161,713 $178,936

Median Sale Price Single Family $180,000 $180,000 $149,615 $172,200

Median Sale Price Condo $113,500 $144,750 $119,000 $115,750

Total # Active Residential Listings at end of period

92 138