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Ann Arbor Condo Market Update – March 2013

It’s a Hot Market for Ann Arbor Condos!

Ann Arbor Condo Statistics for March 2013

The Ann Arbor Condo market is heating up as spring begins. While the number of condos sold was down slightly when compared with February, the listing inventory increased by 13% and the number of units with contracts pending increased  by 34%. The rise in contracts pending is a direct result of the rise in inventory and also an indication that there are plenty of condo buyers out there.

What does this mean for condo sellers? Now is a great time to sell your condo! If you’ve been thinking about making a move, your condo will most likely sell quickly in this market. There is good news for buyers too! More and more condo inventory is coming to the market every day, giving you a broader selection to choose from. But you need to move quickly – many units are selling in the first few days of being listed. Whether you are a buyer or a seller, Ann Arbor Condos are hot, so contact us at The Bouma Group at 734-761-3060 to find out how you can take advantage of this market!

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