Ann Arbor Real Estate Market Update – August 2015

Summer Ends with Strong Real Estate Sales!

Ann Arbor Real Estate Statistics for August 2015
Ann Arbor Real Estate sales remain strong as the summer market comes to an end. According to the Ann Arbor Area Board of Realtors, residential sales for August 2015 were up 20% when compared with August of last year. Inventory is beginning to decline, which is resulting in a seller’s market with a 4.5 month supply of homes available. Now is still a great time to get your home listed since inventory is declining and strong sales are a good indication that a lot of qualified buyers are out there.

For a more detailed interpretation of these statistics or to find out what is happening with home prices in a specific neighborhood, contact the Ann Arbor Real Estate specialists at The Bouma Group today at 734-761-3060 or info@bouma.com. Want to know what’s selling in your community? Check out our Market Snapshot here!

 

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