Ann Arbor Condominium sales in September 2008 were down by 27% compared to September 2007. Year to date, Condo sales, in units are down by 12.6%, and median sales price, Year to Date, is down by 9.7%, or 1.08% 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 September 2007: 168
Condo Listings in September 2008: 137
Decrease: 18.5%
Condo Listings Y.T.D. 2007: 2,252
Condo Listings Y.T.D. 2008: 1,607
Decrease: 28.7%
Condo Sales Sep. 2007: 52
Condo Sales Sep. 2008: 38
Decrease: 27%
Condo Sales Y.T.D. 2007: 537
Condo Sales Y.T.D. 2008: 475
Decrease: 12.6%
Condo Avg. Days on Market Sep. 2007: 107
Condo Avg. Days on Market Sep. 2008: 89
Condo Avg. Days on Market Y.T.D. 2007: 86
Condo Avg. Days on Market Y.T.D. 2008: 89
Condo Median Sales Price Sep 2007: $155,000
Condo Median Sales Price Sep 2008: $123,750
Decrease: 20.2%
Condo Median Sales Price Y.T.D. 2007: $159,400
Condo Median Sales Price Y.T.D. 2008: $144,000
Decrease: 9.7%
The Bundesen Team at Real Estate One. Ann Arbor Real Estate information.
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