Ann Arbor Real Estate Market Update – March 2016

Home Inventory Rises as the Spring Market Begins

Ann Arbor Real Estate Market Statistics for March 2016
Listing inventory is finally beginning to rise for Ann Arbor homes as we enter the highly anticipated spring market. The number of homes listed for sale is up 52% compared with the first of the year, and up 38% over last month. Ann Arbor is still in a seller’s market with a 4 month supply of homes listed. Sales continue to be higher than last year, making new inventory crucial for a healthy real estate market.

If you’re considering selling your home, it is a great time! With such low inventory, homes are selling very quickly, and in most cases over the list price. If you’d like to know more about the current real estate market and what your home may be worth, contact us today at The Bouma Group at 734-761-3060 or email info@bouma.com. Get a quick market analysis of your home here!

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