http://www.madisonpreferred.com is really the best source for real estate information and listings.
I think our market is stablizing and should be near the best place for people to start buying.
While most sellers may disagree with me, we are still in a GREAT buyer's market. There is no BAD market here, it just depends on what side of the transaction you are currently on.
Good luck and I hope you decide to call Madison home!
Days on Market are even dropping and Madison might be becoming stable in a transitional market, somewhere between a buyers market and sellers market.
Hardest hit, as in most of the US was new construction. Builder inventory is still relatively high thus new construction starts have hit 10 year lows. It does make this a great time to enter the market as there are many motivated Sellers who are willing to make great deals.
More specifically about the current market in Madison, it's a Buyer's market, which basically means there are more homes for sale than there are buyers. Also, interest rates are still relatively low. So it's actually a great time buy!