Year Ends with Extremely Low Inventory Ann Arbor Condo inventory is extremely low with only 117 units listed for sale. This is the lowest it has been in the past 2 years. Sales remain higher than previous years, so condos are selling at a fast pace, indicating plenty of buyers. If more units do not […]
Year Ends in Strong Seller’s Market for Ann Arbor Ann Arbor Real Estate ended the year in a strong seller’s market with a 2.6 month supply of homes listed for sale. Inventory continues to dwindle, as it typically does this time of year, but it is at its lowest point in quite a few years. […]
New Listings Increase for Ann Arbor in November When compared with November 2014, new residential listings increased by almost 5%. Homes sold and sale prices are also up slightly, a result of continued buyer activity and a strong local economy. Ann Arbor remains in a seller’s market with a 3.4 month supply of homes listed […]
Ann Arbor Real Estate Market Virtually Unchanged There were few changes to the Ann Arbor Real Estate market when compared with last month. And when compared with this time last year, the only significant change is the number of homes sold. This is a positive sign for home sellers! But unless we start to get […]
Liberty Lofts Condo Report – November 2015 Located in the heart of downtown Ann Arbor, Liberty Lofts is one of the more popular condo buildings. Inventory has declined from last year, which is being seen across the board. There are currently 2 units listed for sale, and so far this year 4 units have sold. […]
Condo Inventory Down 15% Compared with May 2014, Ann Arbor Condo inventory is down 15% from 252 units listed for sale at this time last year. Condo inventory is typically at its highest in May, but this year, April saw a higher number of units listed for sale at 228. Condo sales are virtually the […]
Ann Arbor Real Estate Values Skyrocket Demand for Ann Arbor homes under $500,000 is very strong and driving values sky high in most cases. In our office this spring, we’ve had many homes receive multiple offers within the first days of being listed. Some offers have been for as much as $40,000 over asking price. […]
Regardless of where you live, experts are expecting that Baby Boomers will have a major impact on the local housing market. That’s because this sizable portion of the population is comprised of 76.4 million individuals. And many of them are expected to make major moves over the next several years as they continue to retire. […]
Saline Real Estate Enters Slight Buyer’s Market Overall, Saline Real Estate has entered a slight buyer’s market with a 7.3 month supply of homes listed for sale. This can be attributed to an increase in inventory, up 29% since the end of the fourth quarter, and slower sales than last year. The $100,000 – $300,000, […]
Inventory Up 38% from Beginning of Year Listing inventory for Ann Arbor Condos is up 38% from the beginning of the year as the spring condo market kicks into full gear. The spring market begins a little earlier for condos than it does for single family homes, as home sales typically revolve more around the […]
