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Ann Arbor Condo Market Update – April 2014

The Spring Market is Here for Ann Arbor Condos!

Ann Arbor Condo Market Statistics for April 2014
With a 4.6 month supply of condos available, Ann Arbor remains in a seller’s market, but is getting closer to a balanced market. As more units are listed for sale, the more balanced it will become. Typically April and May see the highest amount of listings and signs point to this trend continuing as condo values increase and more sellers are able to put their condos on the market. Even the over $1,000,000 price range is seeing activity with 3 units out of 4 having contracts pending.

To learn more about condo values, contact us today at 734-761-3060 or info@bouma.com. Visit our website where you can search the Ann Arbor MLS, download a Downtown Ann Arbor Condo report, or see info for all local condo complexes!

 

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