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Ann Arbor Real Estate Statistics – April 2016

Strong Spring Sales for Ann Arbor Real Estate

Ann Arbor Real Estate Statistics for April 2016
The spring market is going strong for Ann Arbor Real Estate. According to the Ann Arbor Area Board of Realtors, home sales increased 11.2% in April when compared with the same time period last year. Sale prices are also on the rise, with a 6% increase. However, inventory is still down with less homes being listed in April. Overall, Ann Arbor continues to be in a seller’s market with a 4.4 month supply of homes listed for sale. The over $600,000 market is much slower and in favor of buyers.

With the continued price increases in the Ann Arbor area, 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 Search the MLS for homes here!

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