How competitive is the Madison housing market?

Madison is competitive as of May 2026, with a Sold Score of 76/100 (Good Chance of Selling). **Pending ratio** is 1.17 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is +10.7% — more choices for buyers than a year ago. **Median days on market** is 43. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 35.6% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (May 2026): Sold Score: 76/100 (Good Chance of Selling) · Pending ratio: 1.17 · Inventory YoY: +10.7% · Median days on market: 43 · Sellers cutting price: 35.6% · Median listing price: $497,906 (+0.1% YoY)