An All Around Increase in Prices
Listing and selling prices for both monthly and year-to-date statistics in Ann Arbor have seen an increase in comparison to last year’s numbers. In June, 158 homes were sold in Ann Arbor and this is an increase of 18.6% from the 194 homes sold the previous June. Up 6.8% from $475,710 last year, the average listing price in the past month was $507,887. A total of 129 homes were sold, down only slightly compared to the 133 sold in June 2018. Luckily for sellers, the average selling price is above the ALP at $514,071, a 14.5% increase from June the year prior. The average days on the market was 28 which is 10 more than before.
Looking at year-to-date statistics, 880 homes have been listed so far and this is only a slight increase compared to this time last year. The ALP all together is up 8.8% from $488,286 to $531,389 now. Cumulatively, 514 homes have been sold thus far in 2019 which is a minimal decrease in comparison to last year’s statistics. Average selling prices have totaled to $470,685 at this point versus $437,914 in 2018, a 7.5% rise.
The Bouma Group is here to help you with all of your housing needs, whether you are looking to buy or are considering selling, contact the specialists at (734)761-3060 or email info@bouma.com. Check back here for updated information on Ann Arbor homes!