Ann Arbor Condo Sales Report: June 2008

Ann Arbor Condominium sales in June 2008 were up by 3% compared to June 2007. Year to date, Condo sales, in units, are flat, and average sales price is down by 13.3%.

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 June 2007: 279
Condo Listings in June 2008: 200
Decrease: 18.4%

Condo Listings Y.T.D. 2007: 1,772
Condo Listings Y.T.D. 2008: 1,154
Decrease: 35%

Condo Sales June 2007: 93
Condo Sales June 2008: 96
Increase: 3%

Condo Sales Y.T.D. 2007: 318
Condo Sales Y.T.D. 2008: 315
Decrease: 1%

Condo Avg. Days on Market June 2007: 75
Condo Avg. Days on Market June 2008: 89

Condo Avg. Days on Market Y.T.D. 2007: 83
Condo Avg. Days on Market Y.T.D. 2008: 85

Condo Median Sales Price June 2007: $158,000
Condo Median Sales Price June 2008: $140,000
Decrease: 21.4%

Condo Median Sales Price Y.T.D. 2007: $159,945
Condo Median Sales Price Y.T.D. 2008: $142,500
Decrease: 11%