Ann Arbor Real Estate Has Entered a Seller’s Market
The Ann Arbor Real Estate market has reached a Seller’s Market for the first time this year with a 4.8 months supply of homes available on the market. Compared with August of 2011, the number of homes listed for sale is down 23%, while the number of sales is up 20%. This is a great sign of recovery for the market as a whole.
For a more detailed interpretation of these statistics or to find out what is happening with home prices in a specific neighborhood, contact the Ann Arbor Real Estate specialists at The Bouma Group today at 734-761-3060 or info@bouma.com. Want to know what’s selling in your community? Check out our Market Snapshot here!