Few Changes for Ann Arbor Condo Market
The Ann Arbor Condo market experienced very few changes when comparing August inventory and contracts pending with those of July. Closed listings declined slightly from last month, but when compared with last year at this time, sales are up 5%. And when also compared with last August, the number of condos listed for sale increased by 17%. With increased activity comes increased property values, which we have experienced this year. It remains a seller’s market, as it has been since May 2013, with a 4.4 month supply of condos listed for sale.
For more information on these statistics or to find out specific values for your Ann Arbor Condo complex, contact the real estate experts at The Bouma Group today at 734-761-3060 or info@bouma.com. And be sure to visit our Ann Arbor Real Estate website where you can view market data, search for downtown Ann Arbor Condos, and view our current listings!