Ann Arbor Eases Into Fall Real Estate Market
As Ann Arbor transitions into the fall real estate market, changes are subtle when compared with last month. Inventory and the number of homes with contracts pending are just slightly lower, and Ann Arbor as a whole is teetering between a balanced and seller’s market with a 5 month supply of homes available. Inventory in the higher price ranges is beginning to stack up as more homes are being listed with fewer contracts pending. In the past 12 months, 34 homes sold in the $800k – 1M price range and 17 sold priced over $1M.
The Bouma Group continues to track all aspects of Ann Arbor real estate, including: price points, elementary schools, neighborhoods, condominiums, and more. Be sure to bookmark our blog to easily check back for the latest statistics! And as always, to learn more about the value of your home in today’s market, give us a call at 734-761-3060 or email info@bouma.com today!