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Ann Arbor Condo Market Report for September 2014

New Inventory Slows for Ann Arbor Condos

Ann Arbor Condo Statistics for September 2014
As is typical for this time of year, the Ann Arbor Condo market is seeing a drop in new inventory as fall sets in. And with fewer units listed for sale and less inventory to choose from, we are going further into a seller’s market with a current 3.8 month supply of condos available. We did, however, see a rise in the the number of condos sold in the past 12 months, compared with last month and this time last year, an indication of a stronger buyer pool and recovering market. The over $1M price range is showing activity with 2 of the 3 units listed having contracts pending with a buyer.

With new inventory declining, it’s a great time to get your condo listed for sale! Don’t wait for the spring market and increased inventory, call us at 734-761-3060 or email for an analysis of what your condo is worth. Looking to purchase? View Ann Arbor condo complexes here!

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