Year Ends in Strong Seller’s Market for Ann Arbor
Ann Arbor Real Estate ended the year in a strong seller’s market with a 2.6 month supply of homes listed for sale. Inventory continues to dwindle, as it typically does this time of year, but it is at its lowest point in quite a few years. All price points have a relatively low month supply, even the higher price points. Sales remain steady and were up 12.5 percent compared to a year ago. According to the Ann Arbor Area Board of Realtors, The Ann Arbor area was a real estate hot spot in 2015, making the top 20 list for hottest real estate markets in the United States.
This huge lack of inventory makes this the best time to get your home listed for sale! Don’t wait for the spring market to get here, buyers are out there now and are scooping up great houses in record time. Call us today at The Bouma Group for a market analysis of your home – it’s quite possibly worth a lot more than you think! 734-761-3060 or info@bouma.com.