Tuesday, November 11, 2008

October 2008 Ann Arbor Condo Sales Report

Good News: Unit sales up 31% over last year. Bad News: Median sales price down almost 16% over October 2007, and down an average 1.06% per month for 2008 YTD.

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 October 2007: 169
Condo Listings in October 2008: 146
Decrease: 13.7%

Condo Listings Y.T.D. 2007: 2,421
Condo Listings Y.T.D. 2008: 1,753
Decrease: 17.6%

Condo Sales Oct. 2007: 42
Condo Sales Oct. 2008: 55
Increase: 31%

Condo Sales Y.T.D. 2007: 574
Condo Sales Y.T.D. 2008: 532
Decrease: 7.4%

Condo Avg. Days on Market Oct. 2007: 90
Condo Avg. Days on Market Oct.. 2008: 115

Condo Avg. Days on Market Y.T.D. 2007: 86
Condo Avg. Days on Market Y.T.D. 2008: 165

Condo Median Sales Price Oct. 2007: $160,500
Condo Median Sales Price Oct. 2008: $135,000
Decrease: 15.9%

Condo Median Sales Price Y.T.D. 2007: $159,000
Condo Median Sales Price Y.T.D. 2008: $142,250
Decrease: 10.6%

1 comment:

arrielle_p said...

Hi Do you have some new reports of this Condo Sales in the year of 2010?

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