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Ann Arbor Condo Market Update – July 2013

Inventory Declining for Ann Arbor Condos

Ann Arbor Condo Statistics for July 2013

Ann Arbor Condo inventory is starting to decline from this year’s peak of 249 units listed for sale in May 2013. Condo sales are high and continue to be steady with a tight range of 579-608 units selling during each 12 month period. It remains a seller’s market with a 4 month supply of condos on the market.

What does this mean for condo sellers? It’s a great time to get your unit listed for sale! We are currently experiencing the same number of buyers with less inventory to choose from. This is helping to drive condo prices upward. We have repeatedly listed and sold a condo in a matter of days and for over list price in a lot of cases. Contact us now at 734-761-3060 or email to find out what your unit is worth in today’s market and what we can do to get it sold fast! The Bouma Group has been Ann Arbor’s #1 condo seller for more than 15 years, let us put our expertise to work for you!

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