Ann Arbor Condo Sales Report - August 2008

Ann Arbor Condominium sales in August 2008 were down by 32.5% compared to July 2007. Year to date, Condo sales, in units are down by 10.3%, and median sales price is down by 8.5%, or 1.06% per month.

Here are the latest statistics from the Ann Arbor Board of Realtors. These numbers are for Condominiums. Please see earlier post for Single Family Home sales statistics.

Condo Listings in August 2007: 245
Condo Listings in August 2008: 163
Decrease: 32.5%

Condo Listings Y.T.D. 2007: 2,084
Condo Listings Y.T.D. 2008: 1,470
Decrease: 29.5%

Condo Sales Aug 2007: 80
Condo Sales Aug 2008: 54
Decrease: 32.5%

Condo Sales Y.T.D. 2007: 485
Condo Sales Y.T.D. 2008: 435
Decrease: 10.3%

Condo Avg. Days on Market Aug. 2007: 74
Condo Avg. Days on Market Aug. 2008: 80

Condo Avg. Days on Market Y.T.D. 2007: 84
Condo Avg. Days on Market Y.T.D. 2008: 94

Condo Median Sales Price Aug 2007: $147,750
Condo Median Sales Price July 2008: $148,000

Condo Median Sales Price Y.T.D. 2007: $159,000
Condo Median Sales Price Y.T.D. 2008: $145,500
Decrease: 8.5%