Tuesday, July 22, 2008

Dane County home prices were higher in June, Condo prices were lower

The preliminary Dane County real estate numbers are in for the month of June...

The median price for a Dane County home was $238,900 in June, compared to $233,000 from a year ago, up by 2.5%. The year-to-date price was $225,000, down .9% from the 2007 year-to-date price of $227,000.


Dane County home sales were down by 18% in June compared to June of 2007, while year-to-date home sales were down by 22%.


The median price for a Dane County condo was significantly lower in June, registering at $156,900, down 10.4% from the June 2007 price of $175,077. The year-to-date price was also lower, registering at $164,900, down 2.1% from the year-to-date price of $168,500 in 2007.




The recent drop in Dane County condo sales continued during the month of June, when sales were lower by 37%. Year-to-date condo sales remained lower by 32%.


The National Association of Realtors will be releasing their national price and volume numbers for the month of June on Thursday. Stay tuned...

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