WOW! So does give you an idea of what is happening in Fitchburg, Wisconsin area real estate?

Yeah! I don’t really get it either.

I think the best thing to do is just look at August of 2006 for Fitchburg days on market and compare that to August of 2007. Days on market for Fitchburg area single family homes have increased while Fitchburg condos have decreased.

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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.

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What is the holding inventory or absorption rate in Fitchburg? 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 Fitchburg is 11.3 a month.

• 34 total sales since June 1st.

There are 158 current active listings for sale in Fitchburg. If we said no more listings are allowed to come on the market, with an average of 11.3 selling a month, it would take almost 14 months to absorb the existing inventory.

This would make the Fitchburg real estate market a buyer’s market.

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

The Fitchburg real estate market is having a slower sales pace in 2007 vs. other years. However, new listings entering the market has dropped off slightly helping balance the real estate market. Many Dane County real estate markets are slowing in sales, but for sale inventory keeps going up, up up.

*These stats only represent single family homes and do not condo data

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Visit The Gardyn for real estate tips and general info on the Dane County real estate market

Bringing you information about real estate, specifically real estate in the Fitchburg, Wisconsin area. The real estate market and the condo market have been hot in Dane County over the last few years but are now experiencing a slow down. We will be keep you up to date of the Fitchburg real estate market stats, real estate trends, and real estate data you want, to make great decisions in housing for you and your family.

Fitchburg Area Real Estate is a blog from Edyn Real Estate. Edyn Real Estate’s main blog is the The Gardyn. You can find general info about the Dane County Real Estate market, real estate info and industry updates at The Gardyn.

For info on Fitchburg, Wisconsin real estate though, you are where you need to be.