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Ann Arbor Real Estate Market Update – May 2014

Rising Inventory Helps to Balance the Market

Ann Arbor Real Estate Statistics for May 2014

As home inventory continues to rise, the market as a whole is becoming more balanced. With a 4.9 month supply of homes available for sale, it is just barely a seller’s market. A 5-7 month supply is considered a balanced market. While homes are still selling at a good pace, this is good news for buyers that have not been able to find a home due to lack of inventory. Also with more to choose from, multiple offers and bidding wars are lessened, allowing more buyers to find a home to purchase.

Martin Bouma and his team of buyer’s agents are in the field every day and know the Ann Arbor Real Estate market better than anyone. Whether you are a buyer or seller, we will help you meet your goals with our experience, expertise, and negotiating skills. Call us today at 734-761-3060, email us at info@bouma.com, and visit our website to begin your home search or find out the value of your current home!

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