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Ann Arbor Condo Market Update – August 2016

Condo Sales Strong as Summer Comes to an End

Ann Arbor Condo Statistics for August 2016
Ann Arbor condo sales in August increased significantly when compared with August of last year. According to the Ann Arbor Area Board of Realtors, condo sales were up 38% with 125 units closed for the month, compared with only 90 sales the previous August. Inventory remains virtually the same and it continues to be a seller’s market with a 3.1 month supply of condos listed for sale. The average sale price also increased and is at $208,113, up 8%.

It was a very busy summer and we anticipate a steady fall season as well. If you are thinking of selling in the near futures and would like to know what your unit is worth, give us a call at 734-761-3060. Want to know more about the different complexes in the area? View all Ann Arbor Condos here!

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