Our full set of monthly condo reports is on the real estate trends page at DaneCountyMarket.com. Here's a brief overview of the local condo market in May:
The May median price for a Dane County condo decreased by 5.7% from May, 2007. Year-to-date, the median price for a Dane County condo was 1.1% higher than the year-to-date median price from last year.
The number of Dane County condos sold in the month of May was 33% lower than the number of condos sold in May, 2007. Year-to-date, the number of Dane County condos sold was 29% lower than the year-to-date number of condos sold through May of last year.
Sales volume has been markedly lower this year, particularly in the condo market. We'll take a closer look at Dane County home and condo sales volume trends in a future post.
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