And much of the decrease is occurring in the more affordable price ranges. Check out the chart below, which compares the number of Dane County condo sales from the first 6 months of 2007 to the number of sales from the first 6 months of 2008. Sales have declined by at least 30% in all of the price buckets ranging from $125,000 to $274,999.
We recently saw a similar trend emerge when we looked at the change in sales volume for single family homes. Sales continue at a sluggish pace in most price categories, with home and condo sales in many of the most affordable price buckets taking a big hit.
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