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Ann Arbor Real Estate Market Update – July 2013

Hot Summer Sales for Ann Arbor Real Estate

Ann Arbor Real Estate Statistics for July 2013Ann Arbor home sales remain high through the summer months, one of the busiest times for real estate, with 1267 homes sold in the past 12 months. Since July of 2012, home sales have averaged 1234 per month, indicating a strong and steady pool of buyers. Inventory of homes available for sale has fluctuated and is currently 12% below that of this time last year. With a 5 month supply of homes, Ann Arbor is bordering a seller’s and balanced market.

As home prices continue to climb, more sellers are able to sell their homes when previously they were upside down in their mortgage. It’s still a great time to get your home listed for sale! As you can see, buyer demand continues to be high and is not slowing down. Thinking of selling your home? Contact the Ann Arbor Real Estate specialists with The Bouma Group to find out what your home is worth in today’s market at 734-761-3060 or email!

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