Ann Arbor Condo Market Update – December 2012

Ann Arbor Condo Sales Soar Even Higher

Statistics by Price Point for Ann Arbor Condos December 2012

Just when we thought Ann Arbor Condo sales couldn’t go any higher, they continued to soar and at the end of December were higher than anytime in the past 5 years. And with inventory at it’s lowest level, buyers may run out of condo options soon. With a 2.7 months supply of condos available, this may happen sooner than later unless more units come to the market.

Condo values rose 6.2% in 2012, and while not fully recovered, they continue to increase making it possible for many owners to put them up for sale. Get a head start on the spring market and get your condo listed for sale now! Not sure if your can sell just yet? Give the real estate experts at The Bouma Group a call at 734-761-3060 or email info@bouma.com and find out what it’s worth, you may be surprised! Not quite ready? Sign up for a free market snapshot and see what’s listed for sale and selling in your complex. We’ve been selling Ann Arbor Condos for almost 30 years and have the expertise to get yours sold quickly!

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