Ann Arbor Condominium Market Report 2008 vs. 2007 Ann Arbor, Michigan Real Estate Market
Tuesday, October 21, 2008
by Ann Arbor Real Estate Experts
Ann Arbor condominium unit sales in September 2008 vs. September 2007 are down by 27%. Year to date, condo unit sales are down by 12.6%, and median sales price is down by 9.7%. Market Report for condominiums from the Ann Arbor Board of Realtors in Washtenaw County is below:
Condo Listings in September : Decrease of 18.5%
September 2007: 168
September 2008: 137
Condo Listings for Y.T.D : Decrease: 28.7%
Y.T.D. 2007: 2,252
Y.T.D. 2008: 1,607
Condo Sales in September : Decrease: 27%
September 2007: 52
September 2008: 38
Condo Sales for Y.T.D : Decrease: 12.6%
Y.T.D. 2007: 537
Y.T.D. 2008: 475
Condo Median Sales Price in September : Decrease: 20.2%
September 2007: $155,000
September 2008: $123,750
Condo Median Sales Price for Y.T.D : Decrease: 9.7%
Y.T.D. 2007: $159,400
Y.T.D. 2008: $144,000
Condo Average Days on the Market in September
September 2007: 107
September 2008: 89
Condo Average Days on the Market for Y.T.D
Y.T.D. 2007: 86
Y.T.D. 2008: 89
The data above reflects the sales of foreclosures and short sales bringing down prices. To see different pockets and neighborhood data, contact us for specifics and Ann Arbor micro market knowledge.
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Check out residential historical graphs of Ann Arbor Washtenaw average pirces and days on market.
In spite of all the doom and gloom you are hearing we are still helping families move and are here to take care of you and your friends Info@KathyToth.com
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