Mixed Regional Condo Sales Trends in August 2009
US condo/co-op sales at the national level decreased 1.6% in August 2009 after four consecutive months of increases. However they exhibited mixed trends across regions. The top performing region was the Northeast where the seasonally adjusted annual rate of sales of condos/co-ops registered a monthly increase of 4.2%. The worst performing region was the South where the seasonally adjusted annual rate of sales of condos/co-ops registered a monthly decrease of 5.6%. The best performing US region on an annual basis as of August 2009 was the South where condo/co-op sales increased 15.4% compared to their August 2008 level. The worst performing US region on an annual basis was the Midwest where condo/co-op sales decreased 9.1% compared to their August 2008 level. Condo/co-op sales in the Northeast and West were also higher compared to their August 2008 levels by 8.3% and 10%, respectively.
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