Strong Summer Market for Ann Arbor Real Estate
As the 2014 summer real estate market for Ann Arbor comes to a close, inventory and sales remain steady. While sales for the past 12 months are slightly behind where they were in August 2013, inventory is virtually the same with 509 homes currently listed for sale compared with 507 last year. Overall, Ann Arbor has just crossed into a balanced market with a 5.1 month supply of homes for sale. A balanced market also helps to steady home prices which have been quickly rising this year while we were in a seller’s market.
Fall is looking to be strong as well as homes that went under contract through the summer begin to close. We typically see a rise in home sales at this time and will continue to keep you posted on the trends! Here at The Bouma Group we continually track every aspect of the market by price range, school district, and even neighborhood. Check out our Ann Arbor neighborhoods and see the home statistics for each one. As always, if you have any questions whatsoever on Washtenaw County Real Estate contact us at 734-761-3060 or email info@bouma.com today!