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Ann Arbor Real Estate Market Update – March 2013

The Ann Arbor Real Estate Spring Market Has Sprung!

Ann Arbor Real Estate Statistics for March 2013

As the Ann Arbor Real Estate market heads into spring, we are seeing a much needed increase in inventory. The amount of homes listed for sale at the end of March was up 23%, when compared with the end of February, with the amount of homes under contract up 36%. The pace of homes selling continues to be strong and as a whole, Ann Arbor remains in a seller’s market with a 4.4 month supply of homes available for sale.

Properties in great condition and that show well are selling very quickly, in some cases in the first day with multiple offers. If you have been considering selling your home, don’t wait, the time is now. Even if you think you may be upside down in your mortgage, with the recent price increases in Washtenaw County, your home may be worth a lot more than you think! For more information on the current market conditions or to find out what your home is worth, contact the Ann Arbor Real Estate specialists with The Bouma Group at 734-761-3060 or See our sellers marketing plan here!

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