The question posed, is this market increasing the days on market for single family detached homes in the area?  Here is what the statistics are showing:

Average Days on Market for East Madison:

2006: 53 (1,147 homes sold)

2007: 61 (1,113 homes sold)

2008 (YTD): 77 (633 homes sold)

Average Days on Market for West Madison:

2006: 60 (1,682 homes sold)

2007: 70 (1,561 total homes sold)

2008 (YTD): 67 (935 homes sold)

Average Days on Market for Dane County (excluding Madison)

2006:  57 (2,238 homes sold)

2007:  68 (2,186 homes sold)

2008 (YTD):  90 (1,193 homes sold)

So, while we are seeing a slight increase in total days on market, the average is still under 90 days. The stats are also showing a slight decrease in the total number of homes sold as well.  However, the average sales price is holding steady, and increasing in many parts of the area.