Saline Real Estate Market Update for 4th Quarter 2016

Saline Real Estate in Seller’s Market

Saline Real Estate Statistics for the Fourth Quarter of 2016

The Saline Real Estate market ended the year in basically the same way it ended 2015. According to the Ann Arbor Area Board of Realtors, the number of homes sold in Saline increased slightly from 357 in 2015 to 362 in 2016. The average sale price of these homes decreased just slightly from $366,998 to $366,265 with the average days on the market decreasing by 5 days overall. The number of new listings is following the same trend as all of Washtenaw County and decreased 4% with 477 homes listed. It is currently a seller’s market in Saline with an overall 3.6 month supply of homes listed for sale.

What does this mean for Saline home sellers? The market is hot for you and the spring market starts now! With inventory at a low, buyers are continually waiting for new properties to hit the market and are purchasing at a faster rate, hence the lower days on the market. This is a tougher time for buyers as there isn’t as much to choose from and getting a ‘good deal’ on a home is harder to do. But for most buyers, securing a property that fits their needs at a fair price is the top priority. To find out more about what your Saline home may be worth today, contact us at The Bouma Group for a comparative market analysis. Call us at 734-761-3060 or email info@bouma.com to learn more about how we can get your home sold in the least amount of time for the highest price with our expert marketing, experience, and real estate market knowledge.

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