Despite the national news we continue to hear regarding the real estate market, the market here in Dane County continues to be a stable market. The number of sales is very similar to what it was 2 years ago (Last year’s numbers are inflated due to the free tax credits of $8,000 and $6,500 that the government was offering). And surprisingly, the average sale price is about 3.5% higher (nearly 5% for condos!) than it has been the past couple of years. The stats last month showed an average sale price very similar to the past 2 years, so I don’t think we’ll see a nice appreciation throughout the year. Especially with financing becoming more and more difficult, interest rates probably rising, and more foreclosures set to hit the market over the next year. But it is still promising nonetheless. The other thing to note is that seller’s need to be patient. The average days on market is 10-15% longer than it was just 1 year ago. So homes are selling, and at decent prices, but it’s taking a bit longer than usual. The average sale price is nearly 5% below list price (that’s $10,000 on a $200,000 house), so as a seller, you should probably think about listing your house a little lower from the get go. That way you will have a better chance of getting it sold quicker, and you’ll probably end up selling it at a similar price anyway.