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 condos listed in April, compared with 124 last April. Overall, it continues to be a seller’s market with a 4.3 month supply of units listed for sale.
Spring is here, inventory is still relatively low, and interest rates are still at historic levels – now is the perfect time to get your condo listed for sale! To find out more about the market and what your condo is worth, contact us today at 734-761-3060 or info@bouma.com. We’d love to talk with you about your Ann Arbor condominium!