Higher Price Points Slow for Ann Arbor Real Estate
The overall Ann Arbor Real Estate market remains in a seller’s market with a current month supply of 4.2. This is mainly due to declining inventory and strong sales throughout the summer months. A reduction in inventory is typical for this time of year, but with high sales, more homes listed for sale would be a great thing to keep the market moving. However, homes priced over $700,000 are selling much more slowly. There are currently 118 listings in this price range with only 16 under contract, and a 12.8 month supply. 19 of the homes listed are new construction and 4 of those are under contract.
To keep up with the latest Ann Arbor Real Estate news, be sure to bookmark our blog so you can see the latest news, new listings, local events, and more. And for any questions on the current market or what is going on in your particular subdivision, contact us at The Bouma Group, Realtors at 734-761-3060 or email info@bouma.com.
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