Ann Arbor Real Estate Listings Decline While Sales Increase

Overall, inventory for Ann Arbor homes declined slightly when compared to last month, while the number of homes with contacts pending and sales for the past 12 months both increased. We are still in a balanced market with the current month supply at 6.5, dropping from 6.7 in April. 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 neighborhood? Check out our Market Snapshot here!