Ann Arbor Real Estate Stays Strong and Steady
As the summer market begins to wind down in August, with the last of the summer vacations and preparing for the new school year, Ann Arbor listing inventory and home sales slow a bit from last month. But when compared with this time last year, both inventory and sales are up slightly. The under $400,000 price range remains in a seller’s market with the overall market just shy of a balanced market with a 4.9 month supply of homes available.
Last fall, and through the winter months, we saw a steady decrease in inventory and a steady increase in sales. This left the market in need of homes for sale to keep up with buyer demand, which in turn helped values to rise. We are now seeing the market balance out and will continue to keep a close eye on trends as the year continues. Be sure to check back here each month for an update for Ann Arbor Real Estate, Ann Arbor Condos, Dexter Real Estate, and Saline Real Estate as we track each month’s statistics. To learn more about home values in your specific neighborhood or what your home is worth, contact the specialists with The Bouma Group at 734-761-3060 or firstname.lastname@example.org today!
Ann Arbor Real Estate in a Balanced Market
Inventory for Ann Arbor Real Estate increased by 8%, putting us in a balanced market for the first time since July of last year, with a 5.5 months supply of homes available. As sales continue to be very strong throughout the spring, home values are rising and many sellers are finding they are able to sell their homes when they previously could not. Compared with May 2012, sales are up by 10% showing there is still a strong buyer pool out there. The under $500,000 market continues to be in a seller’s market, with the exception of the $300k-$400k range being balanced, as these homes are selling very quickly, especially if they are priced right and in great condition.
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 email@example.com. Search the MLS for homes here!
Dexter Real Estate Market Slows During Holidays
Inventory and sales for Dexter homes have declined as the holidays progress. This is a typical trend for this time of year as sellers either wait until after the holidays to list their homes or take them off the market for the time being. Dexter is considered to be in a balanced market with a 5.7 months supply of homes available. For the under $400k price range, it is a seller’s market and will remain so with such low inventory. If you’re thinking of listing your home, get a jump on the spring market before inventory climbs. There are still lots of buyers out there with low interest rates waiting for great homes to come available! Give us a call at 734-761-3060 or email firstname.lastname@example.org for a free market analysis and real estate advice for your situation!
Inventory Drops (Even More) as Saline Enters a Balanced Market
Saline, as a whole, has entered a balanced real estate market for the first time this year with a 6.1 months supply of homes as inventory declines and sales remain strong. The under $200,000 price range is seeing a seller’s market with the $200k-$400k range balanced. For a more detailed report of what’s happening in the Saline Real Estate market, contact us at 734-761-3060 and find out what is happening in your particular neighborhood, school area, or city. Saline needs home inventory, so if you are considering making a move in the near future, check out our fantastic seller services here!