Here's a quick look at August Dane County condo sales from a historical perspective.
The total of 95 Dane County condo sales recorded in August was 7% lower than the 102 condo sales from August of 2010 (remember: condo sales dropped off dramatically last summer due to the expiration of the tax credit). Condo sales this August were the lowest out of any August dating back to 1998, when 66 condo sales were recorded. Here's how August condo sales have trended dating back to 1991.
Looking ahead: Our pending condo sales report suggests sales in September will be near the levels from September of 2010. In the bigger picture, we expect condo sales in September to remain low from a historical point of view.
Sellers will need to remain very competitive with their pricing and marketing.
Dan Miller, Keller Williams Realty and www.DaneCountyMarket. com