Ann Arbor Real Estate Values Skyrocket
Demand for Ann Arbor homes under $500,000 is very strong and driving values sky high in most cases. In our office this spring, we’ve had many homes receive multiple offers within the first days of being listed. Some offers have been for as much as $40,000 over asking price. It gets tricky when the buyer need to procure a mortgage and the house does not appraise for the selling price. Cash buyers are typically winning out in these situations, as an appraisal isn’t needed.
Overall, Ann Arbor Real Estate is in a balanced market with a 5.3 month supply of homes available. Under $500k it’s a seller’s market with the average month supply at 4.3. The spring market is in full force and activity is strong. If you’ve been considering selling your home, now is the time! Call us today for a market analysis and find out what you need do to get it listed! 734-761-3060 or email info@bouma.com. The Bouma Group has been Ann Arbor’s leading Realtors for more than a decade and get your home sold quickly and for top dollar!