Condo sales in the West registered in September 2009 their third double-digit increase in the last four months, according to the most recent data published by the National Association of Realtors (NRA).
According to the NRA data, the seasonally adjusted annual rate of condo/co-op sales for the West increased from 100,000 units in August 2009 to 110,000 units in September, representing a monthly increase of 10%.
Condo sales in the West, posted another two double-digit monthly increases in the last four months, and specifically in June and July 2009 when the seasonally adjusted annual rate increased by 12.5% and 11.1%, respectively (see graph below). In August 2009 the seasonally adjusted condo/co-op sales in the West remained stable at previous month's levels.
As the graph below indicates, the increase in June 2009 was the largest monthly increase registered in the West in the last 12 months in terms of condo/co-op sales. The largest monthly decrease took place just the previous month, in May 2009, when the seasonally adjusted annual rate of condo/co-op sales decreased by 11.1%.
Condo Sales in the West: Monthly Trends October 2008-September 2009
Sources: National Association of Realtors;www.Property-Investing.org
Condo/co-op sales in the West registered also a strong year-over-year gain of 12.6%, as the not seasonally-adjusted monthly sales in Septmber 2009 increased to 9,000 units, from 8,000 units in September 2008.
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Return from Condo Sales in the West September 2009 to Market Watch
