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Ann Arbor Condo Market Update – August 2012

Ann Arbor Condo Market Seeing Recovery

Ann Arbor Condo Statistics for August 2012

As the summer real estate market winds down, Ann Arbor Condo sales remain strong. In fact, sales for the past 12 months are at their highest in more than 5 years, with 574 condos sold in the past 12 months. Inventory has hit a low, with 199 units available for sale. A strong buyer pool combined with shrinking inventory and low interest rates will continue to drive prices upward.

Here at The Bouma Group, we continuously analyze the market and track every trend, including: Downtown Ann Arbor condos, price ranges, individual complexes, and more. To learn more about condo values, contact us today at 734-761-3060 or 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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