Husky Homes Blog - Broker Notes

October was a record-breaking month for Husky Homes! While the rest of the real estate sales market is down somewhere between 2-10% depending on what micro-level you are looking at, our team’s sales are up a shocking 265% year over year (comparing October sales in 2023 to 2024), and 105% month over month (September vs October 2024). In a market with SO much volatility due to rising inventory, rising interest rates and election hopes and fears, our team has vehemently persisted in helping our clients find successes.


Despite this excitement, we are still seeing very real challenges for many buyers and sellers. Yes, inventory is rising, but it seems to be rising in pockets that don’t necessarily need inventory – certain municipalities are seeing a surge…

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The local real estate market has offered both challenges and opportunities this summer. Here are the current market trends that we have been seeing throughout these hot few months.

1. Stable Home Prices

In August, home prices in Madison had been relatively stable. Yes, there are always exceptions, and a listing that far exceeds the expectations due to an unbelievably cute back yard or so much move-in-ready appeal that it sells for far more than it is worth, but according to recent data, the median home price remains relatively consistent compared to the past few months. Currently, the median price hovers around $420,000 for all of Dane County, a slight increase from last year but not indicative of the dramatic shifts seen in other markets. This…

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Are we finally starting to see signs of relief for buyers? Yes! This summer, the market has been a little particular in the greater Madison area. While competition is fierce in some neighborhoods, it is stale in others. While some sellers are seeing multiple offers and ideal terms, other sellers are struggling with an increased time on market and buyers nitpicking their home with negative feedback. 

As of the past few weeks, we've finally seen some decreasing (positive!) movement with interest rates; the market has already been pricing in expected rate cuts for September. Rates are in the mid 6's today, and expected to continue dropping. Overall in Dane County, homes are selling for 20% faster than they were in July 2023; this is likely due to the…

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July Broker NoteWe've been experiencing an abundance of rain in our area lately. Whenever we endure days of torrential downpours and storms, my anxiety spikes as I think about my current and past clients. My immediate concern? Wet basements. Over my years in real estate, reviewing hundreds of inspection reports and learning from inspectors has taught me a lot about keeping basements dry. Here are some crucial steps homeowners can take:

  1. Check Your Gutters! Clogged gutters filled with leaves and debris obstruct water flow, causing it to spill over the sides and pool near the foundation. This exacerbates any existing vulnerabilities, potentially leading to water intrusion.

  2. Inspect Your Downspouts! Bent or improperly functioning downspouts, or missing…

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New Construction Broker NoteThe new construction home market in the greater Madison area is thriving, offering abundant opportunities to bring your dream home to life at various price points across diverse communities. With a persistent shortage of inventory spanning over a decade, homebuilders are actively bridging the gap, presenting hopeful homebuyers with enticing ownership prospects.

In select areas, the entry point for new construction homes may begin in the mid $300s, particularly on the outskirts of Dane County and extending into neighboring communities like Edgerton and Belleville. These competitive price ranges cater to buyers with specific budgets who prefer to avoid or are unable to engage in the competitive landscape of existing inventory.

When delving into new…

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If you follow any major publication, you know that real estate and real estate commissions have been a hot topic as of late. However, the headlines aren’t always what they seem, so my goal with this month’s blog is to help you understand how to decipher the real-world vs the headlines.

One major discrepancy in how the media is reporting on the news about real estate commissions is that they are saying real estate commissions have been set unfairly and are regulated by the National Association of Realtors. However, real estate commissions have always been negotiable. In Madison alone, there are firms where you can spend a very nominal flat fee to “list” your home on the MLS – this flat fee includes only the MLS input, and not anything else (professional…

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As expected, the market has heated up quickly throughout these first several weeks of 2024 – a significant shift from Q4 of 2023. In the last half of 2023, rates continued to increase which saw buyer demand decrease. This, paired with typical holiday/winter seasonality, saw a far slower market the last part of the year, slower than we have seen for several years with fewer sales than pre-pandemic levels.

Today’s market has stark differences. Now, rates are going the other direction – they’re decreasing, and with the pent up demand from last year, we expect more buyers to continue to enter the market with every additional rate decrease. Additionally, most real estate sales in Wisconsin tend to happen in Q2 and Q3 due to the weather warming up and…

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✨2023 was a year of challenge, opportunity, change and growth.    The Challenge: This was the hardest real estate market I’ve endured in my career so far. Since getting licensed in 2017, the market has gone up, up and away. For the first time in over a decade, the market cooled down when interest rates rose quickly, causing demand to reach historic lows. We saw listings sit on the market longer, with less competition, and with slower price appreciation than in previous years. This further tightened the already historically low inventory levels, causing 30% fewer sales opportunities in South Central Wisconsin.   The Opportunity: The difficult market conditions brought an exodus of agents leaving the industry- some local MLS’s have averaged…

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Think Twice Before Waiting for Lower Home Prices




As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy.

A recent survey from Zonda shows 53% of millennials are still renting right now because they’re waiting for home prices to come down. But here’s the thing: the most recent data shows that home prices appear to have bottomed out and are now on the rise again. Selma Hepp, Chief…

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