There is no inventory!

Horeb, Barneveld, and Dodgeville (Lands' End headquarters here) and a lot of people moving this way and commuting into Madison so there isn't a lot of inventory. 

Supply decreased 63.6 percent for Detached homes and 61.1 percent for Attached homes.Sorry this is so hard to read... hopefully you can muddle through it.2019 2020 Percent Change Thru 12-2019 Thru 12-2020 Percent ChangeNew Listings 1,410 1,461 + 3.6% 35,530 31,330 - 11.8%Pending Sales 1,396 1,691 + 21.1% 25,090 25,823 + 2.9%Closed Sales 1,907 2,195 + 15.1% 24,862 25,096 + 0.9%Days on Market Until Sale 38 19 - 50.0% 36 26 - 27.8%Median Sales Price* $637,500 $730,500 + 14.6% $632,500 $700,000 + 10.7%Average Sales Price* $798,932 $954,098 + 19.4% $790,166 $894,124 + 13.2%Percent of Original List Price Received* 96.9% 100.0% + 3.2% 97.0% 99.0% + 2.1%Percent of List Price Received* 98.4% 100.4% + 2.0% 98.4% 99.6% + 1.2%Inventory of Homes for Sale 4,572 1,825 - 60.1% -- -- --Months Supply of Inventory 2.2 0.8 - 63.6%

Plus, with the lack of REO inventory the competition is even stiffer.

Yesterday I acquired another inventory lot of commercial items in demand for $675 valued at $48k.

With the low interest rates and low inventory, it seems like a great market to sell or refinance, but appraisals can be gravel in the gears. 

@Mike De Lota If the comparable inventory suggests rents can go up then absolutely.  

Small MF is a hot market here, simply because we have low inventory.

Sam,With how hot the SFR market is in San Francsco right now and with the low inventory you will be hard pressed to find a Realtor that is able or willing to "fight for me to get a discount".

Yes it costs a little more than a conventional but the numbers still work well.The Corning duplex market dried up a bit going into winter but there will be more inventory this year.