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Ann Arbor Real Estate Market Update – February 2013

Inventory Increases for Ann Arbor Real Estate

Ann Arbor Real Estate Statistics for February 2013

Ann Arbor real estate inventory is finally starting to climb again and is up 17% with 54 new homes coming to the market during February. However, compared with February of 2012, inventory is down by 45% or 147 units. While still at historically low levels, this is great news for home buyers who haven’t been able to find that perfect home due to a lack of inventory and high buyer demand. Overall, Ann Arbor remains in a seller’s market with a 3.1 month supply of homes available for sale. The $500k and under price range is strong with the over $500k market recovering, but still in a buyer’s market.

The spring market is here and buyers are plentiful, making this the perfect time to get your home listed for sale! For a market analysis or to find out what home values are in your Ann Arbor neighborhood, contact us at The Bouma Group at 734-761-3060 or info@bouma.com. We keep a close eye on the real estate market and are constantly posting the latest statistics, so be sure to check back at our blog often!

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