Ann Arbor Condo Market Update – May 2013

More Choices Available for Ann Arbor Condo Buyers!

Ann Arbor Condo Statistics for May 2013

As the spring market continues, so does the increase in inventory for Ann Arbor condos. The number of units listed for sale is up 84%, compared with the end of December 2012. The overall market is currently balanced with a 5.2 months supply of condos. The under $100,000 price range remains in a seller’s market.

Increased sales have helped prices to rise and now more condo owners are finding themselves able to sell their units, whereas before they were under water with their mortgage. More units on the market is good news for buyers, giving them more choices than in the recent past. If you’re thinking of purchasing a condo for yourself or as an investment property, don’t wait for prices to rise even more. Give us a call at The Bouma Group at 761-3060 to get set up on a real estate search. Check out Ann Arbor Condo complexes here!

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