Dane County condo mid-year review

Here's how the Dane County condo market fared during the first 6 months of 2008 versus the same time period last year. All data comes from the South Central Wisconsin MLS.

• Year-to-date median price: $165,150 in 2008 vs $168,500 in 2007, down 2%
• Sold listings: 656 in 2008 vs 956 in 2007, down 31.4%
• Listing success rate: 37.9% in 2008 vs 42.3% in 2007, down 4.4%
• Days on market (sold listings): 166 days in 2008 vs 147 days in 2007, up by 19 days
• Days on market (expired listings): 261 days in 2008 vs 248 days in 2007, up by 13 days

Here's a Dane County condo inventory comparison, July 31st of 2008 versus July 31st of 2007:

• Active listings: 2,242 listings on 7/31/2008 vs 2,473 listings on 7/31/2007, lower by 231
• Months of inventory: 18.3 months on 7/31/2008 vs 16 months on 7/31/2007, higher by 2.3 months
  

For our full set of year-to-date condo statistics, visit our Dane County Condo Snapshot at DaneCountyMarket.com. In our next post we'll cover how the total required marketing time for the average Dane County condo has changed since 2007.