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Ann Arbor Condo Market Update – January 2016

Ann Arbor Needs Condo Listings!

Ann Arbor Condo Market Statistics for January 2016
Ann Arbor Condo listings are at the lowest they’ve been in January for more than 5 years and sales remain at the highest. New condos coming to the market are selling very quickly leaving inventory lacking. There are currently only 130 condos listed for sale. It remains a strong seller’s market with a 2.2 month supply of units available.

What does this mean for condo buyers? If you are serious about purchasing a condo, you need to be ready to make an offer, and most times over list price. This means having your pre-approval with a mortgage lender ready and your buyer’s agent ready to present your best offer so that you don’t miss out. What does this mean for condo sellers? This is a fantastic time to sell! Buyers are ready to purchase great condos and if yours shows well and is priced accordingly, it will sell immediately. Sellers- get a market analysis of your condo here and let us, the Ann Arbor Condo specialists get it listed now. Buyers- get set up on a condo search so when that perfect unit hits the market, you’ll know about it right away!

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