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July 2008 Montly Madison Real Estate Report

Month Ending June 2008
Inventory 2008 2007 %Change
Downtown Houses 33 34 -4%
Downtown Condos 205 286 -28%
West Houses 801 793 1%
West Condos 937 940 0%
East Houses 579 569 2%
East Condos 429 429 0%
Total Houses 1413 1396 1%
Total Condos 1571 1655 -5%
Grand Total 2985 3051 -2%
Market Indicators
UWCU 30 Mortgage Rate 6.63% 6.63% 0%
Overall MLS closings (pre-revised*) 368 571 -36%
Last month MLS closings revised 446 534 -16%
Keller Williams Listings avg 441 634 -30%
# of showings on KW Listings 446 979 -54%
Showings per listing 1.01 1.54 -35%
Av DOM for KW Listings 210 153 37%
*A high % of closings happen on the last day and may not be refected in the data yet
Posted Monday Aug 04