Thursday, August 14, 2008

Ann Arbor July 2008 Condo Sales Report

Ann Arbor Condominium sales in July 2008 were down by more than 18% compared to July 2007. Year to date, Condo sales, in units are down by 4.3%, and median sales price is down by 9.4%, or 1.34% 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 July 2007: 219
Condo Listings in July 2008: 154
Decrease: 30%

Condo Listings Y.T.D. 2007: 1,839
Condo Listings Y.T.D. 2008: 1,308
Decrease: 29%

Condo Sales July 2007: 79
Condo Sales July 2008: 65
Decrease: 18.8%

Condo Sales Y.T.D. 2007: 397
Condo Sales Y.T.D. 2008: 380
Decrease: 4.3%

Condo Avg. Days on Market July 2007: 81
Condo Avg. Days on Market July 2008: 101

Condo Avg. Days on Market Y.T.D. 2007: 87
Condo Avg. Days on Market Y.T.D. 2008: 95

Condo Median Sales Price July 2007: $159,900
Condo Median Sales Price July 2008: $160,000

Condo Median Sales Price Y.T.D. 2007: $159,900
Condo Median Sales Price Y.T.D. 2008: $145,000
Decrease: 9.4%

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