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Monthly report ending 9-1-08

By
Real Estate Agent with www.MadRelo.com, www.EnlighteningRealEstate.com
       Month Ending  AUG 2008    
         
Inventory   2008 2007 %Change
  Downtown Houses 30 32 -8%
  Downtown Condos 206 260 -21%
  West Houses 802 784 2%
  West Condos 935 941 -1%
  East Houses 568 588 -3%
  East Condos 444 434 2%
  Total Houses 1399 1404 0%
  Total Condos 1585 1635 -3%
  Grand Total 2984 3038 -2%
         
Market Indicators      
         
  UWCU 30 Mortgage Rate 6.38% 6.38% 0%
  Overall MLS closings (pre-revised*) 283 409 -31%
  Last month MLS closings revised 432 571 -24%
  Keller Williams Listings avg 448 750 -40%
  # of showings on KW Listings 359 734 -51%
  Showings per listing 0.80 0.98 -18%
  Av DOM for KW Listings 213 153 39%
         
*A high % of closings happen on the last day and may not be refected in the data yet
         

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Brent Sainsbury
www.MadRelo.com, www.EnlighteningRealEstate.com - Madison, WI

We had a bad July 08, closings down 24% in the city.

Sep 01, 2008 04:10 AM