Ann Arbor Real Estate Market Steadies After Strong Spring

The Ann Arbor Real Estate market is starting to level out after a very strong spring. Inventory, homes under contract, and sales are basically unchanged from last month (May). When compared with June 2012, inventory is down by 6% (which follows the latest trend of low inventory), while sales are up by 6%. We are still experiencing a balanced market with a 5.4 month supply of housing.

Home prices continue to climb in the Ann Arbor school district and homes in great condition are selling very quickly, in some cases within days of listing and for over list price. To find out what your home is worth or what homes are selling for in your Ann Arbor Neighborhood, give us a call at The Bouma Group at 734-761-3060 or email info@bouma.com.