The preliminary Dane County market statistics are in for the month of July. The median home and condo price in July was lower by 1% from July of 2007; the year-to-date median price was lower by .2%.
July home and condo sales were down by 10%, while year-to-date sales were lower by 23%.
Far from stellar results, but consider these national trends from other data sources:
- The National Association of Realtors reports that the median price in July was down 7.1% from July of 2007.
- Standard & Poor's Case-Shiller home price index was down 15.4% in the second quarter of 2008 from the same quarter last year.
- The CoreLogic loan performance house price index in June was down 10.7% from a year ago.
The Dane County market certainly needs to get better (especially the condo market), but once again the national numbers show that we've avoided the meltdown that is occurring in other parts of the country.
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