Glacier Crossing~The Crossing- Madison, WI Real Estate Market Report and Absorption Rate Trend
Glacier Crossing~The Crossing Neighborhood in Madison, WI is a Neighborhood that by most indicators appears to be in a Seller's Market. With under 5 Months of Supply of Homes on the Market, Average Days on Market for Sold homes well under 90 days, and active homes average time on the market being quite low as well things look pretty good.
A couple of indicators that are pointing the other way would be the length of time that Pending Homes (Homes under contract) are on the Market and the Absorption Rate Trend definitely trending down. 4.69 to 9.00 to 13.43 months on average is going the wrong way. Hopefully this has more to do with the time of the year and less to do with Sales that happened 8-12 months ago because of the Tax Credit for Home Buyers.
Right now Glacier Crossing/The Crossing is in the midst of a Seller's Market but this is one Neighborhood to keep an eye on as we move through Spring.
John & Vicky Schroeder -Restaino & Associates REALTORS®
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