June 2019 Market Update

Home Sweet Home

 

As the awards continue to pile up, we at Restaino are proud as ever to call the Greater Madison Wisconsin area our home! In a May 2019 study, Madison was ranked the No. 3 city for jobs, social life, and affordable living after college graduation. The study was conducted by Apartment List and reported in the May 22 issue of USA Today. It analyzed the city’s population of young adults, unemployment rates for young adults with a bachelor’s degree or higher, affordability of rent, nightlife and recreational activities, and ease of meeting new people. Apartment List aggregated their data and then compared the numbers for 75 cities with Madison coming out in the top 3. Employment opportunities and housing affordability are the two main reasons that Madison is so attractive to so many.

Need more reasons to love where we live? Also in May, the National Association of Realtors (NAR) ranked Madison, WI the number 6 most popular area in the country where Millennials move and stay. In the study, NAR analyzed the 100 largest U.S. metro areas and ranked them in the areas of employment gains, population trends, income levels and housing conditions. Once again, job opportunities and home affordability proved to be the primary drivers behind a decision to move to Madison. In addition to strong governmental employment opportunities at the City, County and State level, we are blessed to be home to a number of hospitals. Those hospitals, along with our great neighbor, Epic Systems in Verona, helps drive growth in the area of health care software jobs.

Also important to home buyers: Madison had the lowest unemployment rate among the 100 largest metro areas analyzed. According to the NAR study, Millennials who recently moved to our area “earn $70,000 per year and can afford to buy nearly 30 percent of the homes currently listed for sale”. Lastly, let’s not forget about our Restaino & Associates offices in neighboring Columbia and Green counties. The strength of the Madison area and Dane County as a whole also helps drive our Portage, New Glarus and Mount Horeb offices as well. Whether you are looking to buy or sell a home in the City or in the county, we are here to help guide you and hope you make us your Realtor of choice.

 

Ron Restaino

 

Send Leslie a message using the quick form below, or contact her directly at 608-334-4052 or leslie@LeslieTheRealtor.com