Lack of Listings Drive Ann Arbor Real Estate Prices Upward
As has been the trend for most of the year, new real estate listings are down, sales are steady, and prices are up. According to the Ann Arbor Area Board of Realtors, new Ann Arbor home listings decreased by 12% when comparing December of this year to December of last year. Home sales decreased slightly from 84 in 2015 to 81 in 2016. And, the average sale price rose 8%, from $362,452 in ’15 to $390,381 in ’16.