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Ann Arbor Real Estate Report – April 2021

Ann Arbor Homes Experience an Influx of New Inventory

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The Spring season brought many new listings with it this April, there were 172 Ann Arbor homes added to the market, which is a substantial 126.3% increase from the 76 entered last April. Even with more inventory, sellers will be pleased to know that the average days on the market declined by 30%, at only 21 days recently. In comparison to the 83 homes sold the April prior, a total of 121 properties were sold this past month demonstrating a 45.8% rise. The average sale price was a significant 41.4% higher at $605,381 versus the $428,015 ASP before.

As for the year-to-date statistics, there was an overall increase from last year. At this time last year, 484 homes had been listed, but this year there was an 11% increase as 537 properties have been put up for sale. Moreover, there were 512 sold properties, which is a considerable 63.1% rise from the 314 previously. Sale prices experienced a 16% increase from $446,818 to $518,187 currently.

If you have more inquiries about the Ann Arbor housing market, don’t hesitate to reach out to the real estate experts with The Bouma Group at (734)761-3060 or email info@bouma.com. View our active listings here!

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