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Ann Arbor Condo Market Update – August 2013

Ann Arbor Condo Inventory Down 22%

Ann Arbor Condo Statistics for August 2013
When compared with the high for the year of 249 condos listed for sale in May 2013, listing inventory is down by 22% with 194 units. Even with tapering inventory, buyer sales have remained steady. What does this mean for condo sellers? With less competition in the marketplace, it’s still a great time to get your unit listed. Here at The Bouma Group, in most cases we’ve been experiencing our condo listings selling in a matter of days and often over asking price. It is currently a Seller’s Market with a 4 month supply of condos available.

We’ve been Ann Arbor’s leading condo seller for 15 years and know this market inside and out. So if you’ve been thinking of selling your condo, contact us for a market analysis today at 734-761-3060 or Condo values have been rising and we have the knowledge, marketing, and negotiating skills to get you the best price in the shortest amount of time. Thinking of purchasing a condo? Check out Ann Arbor Condo complexes here!

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