Condo Sales Strong as Summer Comes to an End Ann Arbor condo sales in August increased significantly when compared with August of last year. According to the Ann Arbor Area Board of Realtors, condo sales were up 38% with 125 units closed for the month, compared with only 90 sales the previous August. Inventory remains […]
Low Inventory of Ann Arbor Homes Sets Stage for Higher Prices Ann Arbor Real Estate inventory is still declining and that is the driving force behind the continued seller’s market. Right now, the month supply of homes listed for sale is 4.5. Due to lower inventory, homes are selling at a faster pace and for […]
Ann Arbor Condo Prices Up in Spring Market The strong spring market brought increased sale prices in April for Ann Arbor Condos with a median sale price of $169,900, compared with $165,000 in April 2015. Average days on the market also decreased from 46 last year, to 44 this year. Inventory increased slightly with 129 […]
Spring Market Brings More Condo Listings The spring real estate market is here and with it brings much need condo listings. Inventory has risen 60% since the beginning of the year. Sales are also on the rise, as new listings are selling as soon as they come to the market. Of the 208 condos listed […]
Home Inventory Rises as the Spring Market Begins 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 […]
Owning a home is a dream for many people. You have the opportunity to invest in a place of your own and build equity, not to mention carve out a space that reflects who you are and what you love. However, worries about down payments, property taxes, maintenance, and insurance (and student loans) can make buying a […]
Ann Arbor Plunges Deeper into Seller’s Market for Condos Ann Arbor dips further into a seller’s market, with a 1.1 month supply of condo inventory, as sales continue to soar and listings aren’t keeping pace. When looking back at February over the last few years, inventory is actually pretty steady. There were 160 condos listed […]
Briar Hill Real Estate Report – March 2016 Home values are on the rise at the desirable Briar Hill subdivision as the market continues to improve in Washtenaw County. There is currently 1 home listed for sale, and last year 7 homes sold. Homes listed for sale: $450,000. 3571 Barry Knoll, Ann Arbor. 2726 sq. […]
Things are certainly looking up on the national real estate market! According to a recent report from the national Standard & Poor’s/Case-Shiller Home Price Index, home prices increased during the month of January despite cooling home sales. Experts believe that a tightening inventory helped to spur the rise in home prices. This is important information […]
Strong Start to the Year for Ann Arbor Home Sales According to the Ann Arbor Area Board of Realtors, Ann Arbor homes sales were up over 20% in January 2016 compared with January 2015. Home values also rose, with the average sale price up 10%. The year is off to a great start! We are […]
