Sales Up, Inventory Down for Ann Arbor Condos
The new year started off strong for Ann Arbor Condo sales, but a lack of listing inventory continues to be an issue. At the end of January, there were 135 units listed for sale compared with 150 at that time last year, keeping Ann Arbor in a seller’s market with a 2.4 months supply of available condos. In fact, all price ranges currently fall into a seller’s market.
Just last week here at The Bouma Group, we listed a condo at Heatherwood and within 2 days of it being on the market, we received 3 offers! This just shows that there are buyers ready to purchase immediately. If you’ve been considering selling your unit, don’t hesitate, the market needs inventory now. Give us a call at 734-761-3060 or info@bouma.com and get listed today with Ann Arbor’s Premier Real Estate team!