Homes are Selling Quickly in Ann Arbor
In May, listings have decreased, sales have increased, and the average days on the market declined by 53.8% to only 12 day for Ann Arbor homes. 186 properties were listed this past month, which was a 20.2% difference from the 233 the prior May. Sellers will be pleased to know that there was a 134.5% increase in sold homes, from 55 to 129 recently. Moreover, the average sale price increased to $542,980 versus the ASP of $496,37 previously, a 9.5% rise. There are currently 153 active listings, which is a 64.7% decrease from last May.
The year-to-date statistics did not see any drastic changes. In fact, the amount of entered listings only increased marginally from 717 last year at this time to 723 now. A total of 497 homes have been sold so far this year compared to the 340 before, showing a 46.2% rise. Cumulatively, the ASP has come to $523,699, which is a 15.2% increase from the ASP of $454,780 earlier.
The Bouma Group has extensive knowledge on the Ann Arbor housing market, so reach out to us at (734)761-3060 or email firstname.lastname@example.org for any of your questions. Browse our current listings here!
Ann Arbor Homes Experience an Influx of New Inventory
The Spring season brought many new listings with it this April, there were 172 Ann Arbor homes added to the market, which is a substantial 126.3% increase from the 76 entered last April. Even with more inventory, sellers will be pleased to know that the average days on the market declined by 30%, at only 21 days recently. In comparison to the 83 homes sold the April prior, a total of 121 properties were sold this past month demonstrating a 45.8% rise. The average sale price was a significant 41.4% higher at $605,381 versus the $428,015 ASP before.
As for the year-to-date statistics, there was an overall increase from last year. At this time last year, 484 homes had been listed, but this year there was an 11% increase as 537 properties have been put up for sale. Moreover, there were 512 sold properties, which is a considerable 63.1% rise from the 314 previously. Sale prices experienced a 16% increase from $446,818 to $518,187 currently.
If you have more inquiries about the Ann Arbor housing market, don’t hesitate to reach out to the real estate experts with The Bouma Group at (734)761-3060 or email email@example.com. View our active listings here!
Less Listings and More Sales
In the month of March, Ann Arbor homes listed a total of 153 homes, this was a decline of 17.3% from the 185 homes last March. Seller’s can be happy though because housing sales increased by 45.2% from 73 to 106 homes recently. The average listing price was $650,279, a significant climb of 30.9% from the ALP of $496,650 the previous March. As well, the average sale price increased, but it was only by 5.4% from $490,592 to $517,127. More great news for sellers – the average days on the market was only 26 days, 56.7% decline.
As for the year-to-date numbers, they saw similar trends to the monthly statistics. There have been 354 homes added to the multiple listings service so far, in comparison to the 404 in 2019 at this time, a 12.4% difference. The average listing price for these homes increased by 18.4% from $525,369 to $621,979 currently. Since the start of the year, 235 homes have been sold versus the 197 before, a 20.8% rise. The average sale price for these homes is sitting at $474,309 cumulatively, which is a 3.9% increase from the ASP of $456,479 at this time last year.
Whether you are a seller or a buyer, The Bouma Group is here to help you with all your needs! Give us a call at (734)761-3060 or email firstname.lastname@example.org to learn more. View our listings here!
Despite higher listing prices, selling prices remain stable
The second month of the new year isn’t experiencing any massive shifts for Ann Arbor homes so far. There was a 19.1% decline in the amount of new homes added to the market, from 131 to 106 recently. With a dip in inventory, the average listing price increased to $627,352 versus $583,118 the previous February. A total of 63 homes were sold this past month, which was only 1 more from before. There was also a minimal change in the average sale price compared to last year from $458,970 to $456,009. Luckily for sellers, the average days on the market decreased by 22% and is sitting at 46 days currently.
As for the year-to-date statistics, they followed a similar trend to the monthly numbers. 201 homes have been listed this year, an 8.2% decline from the 219 prior. The ALP for these properties increased 9.7% from $549,629 to $602,945. Sold inventory went in the opposite direction by increasing 4% to 129 homes versus 124 before. There was a slight rise in the ASP which was $436,397 earlier to $440,141 recently.
To learn more about the housing market in Ann Arbor, contact the real estate specialists with The Bouma Group at (734)761-3060 or email email@example.com. Discover more Ann Arbor homes here!
A Good Start to the New Year for Ann Arbor Homes
With 2021 underway, you may be curious about how the housing market is looking. Ann Arbor homes did well with more inventory and higher pricing compared to last year. There were a total of 95 properties entered into the multiple listings service, an 8% increase from the 88 listed the previous January. The average listing price for these homes was up 15.1% from $499,776 to $575,423 recently. As for sold inventory, 66 homes were sold versus the 62 the year prior, a 6.5% increase. The average selling price experienced only a 3% increase from $413,824 to $426,240 now. Although the average days of the market were still greater than a month, they did decrease 14.3% (7 days) to 42 days. Since it is the start of the year, all of these statistics are applicable to monthly and yearly comparisons.
If you are interested in learning more about Ann Arbor home values, contact the real estate experts with The Bouma Group at (734)761-3060 or email firstname.lastname@example.org. Discover more Ann Arbor homes here!
Inventory is Moving in Ann Arbor
With a new year, let’s look back at listings and sales for Ann Arbor homes. In the month of December, there was a total of 61 properties entered into the multiple listings service, a 35.6% increase from last December’s 45 homes. The average listing price for these homes was $530,634 versus the $464,105 previously – a 14.3% rise. Luckily for sellers, there was a 12.6% increase of sold homes, from 95 to 107 recently. As for the average sale price it’s $475,435, which is a 9.3% increase compared to the ASP of $435,454 the year before. On average, homes were on the market for just over a month at 34 days – a considerable 40.4% decrease from 2019.
Now we can examine the statistics for the entire year. 1720 homes were listed this year, which is only a 3.5% decline from the 1783 last year. The average listing price was 4.5% higher from $495,019 before to $517,533 now. In total, 1195 homes were sold in 2020 compared to the 1268 previously, a 5.8% decrease. Cumulatively, the average sale price for these homes increased 3.8% at $473,959, versus the $456,584 before.
For any and all of your Ann Arbor housing needs, contact the real estate specialists with The Bouma Group at (734)761-3060 or email email@example.com. Find more Ann Arbor homes here!
Increased Inventory! For Both Listings and Sales
This past November, Ann Arbor homes have seen an increase in the amount of new and sold inventory. A total of 122 homes were entered into the multiple listings service, a 6.7% increase from the 73 last year. The average listing price for these homes only increased by 3%, from $422,004 to $434,586 recently. 108 units were sold in November versus the 76 previously, a 19.5% raise. As for the average sale price, it rose by 14.8% from $442,362 to $504,694. Luckily for sellers, the average days on the market decreased a considerable 21.4% to 33 days.
Looking now at the year-to-date statistics, inventory actually saw a decline. Although only slightly down by 4.5%, the total amount of listings went from 1738 to 1659 so far in 2020. The ALP for these homes was $517,051, a 4.3% increase from the $495,819 last year. A total of 1088 properties have been sold compared to the 1173 from November at this time in the year prior, a 7.2% decline. Cumulatively, the ASP for these sold homes was $473,765, a 3.4% increase from the $458,295 before.
For any and all of your Ann Arbor housing needs, contact the real estate specialists with The Bouma Group at (734)761-3060 or email firstname.lastname@example.org. To view our current listings, click here!
Less Inventory and More Sales for Ann Arbor Homes
In the final month of 2019, Ann Arbor homes saw a considerable 33.3% decrease in the amount listings from 39 last December to 26 more recently. The average listing price rose, but only minimally from $452,492 to $462,794 now. Sellers were able to finish the year strong with 81 sold properties in December, a significant 41.2% increase from the 57 previously. As for the average sale price, it has stayed relatively stable at $433,953 versus $436,533 last December. Unfortunately for sellers, the average days on the market increased 24.4% to 56 days.
Overall the numbers rose for the year-to-date statistics. In 2018, a total of 1,458 homes were listed for sale, whereas this year 1,470 homes were added to the multiple listings service. The ALP increased by 3% from $487,432 to $501,886. 1,082 homes were sold this past year, and this is only a slight decline compared to the 1,096 before. Cumulatively, the ASP increased by 4.2%, from $438,492 to $457,930.
The Bouma Group is here to help you with all of your housing needs, whether you are looking to buy or considering selling, contact the specialists at (734)761-3060 or email email@example.com. To search Ann Arbor neighborhoods, click here!
Condominium Report – July 2019
Clusters of Meadowview is a smaller Ann Arbor condo with only 36 units. The brown exterior of the complex fits in nicely among the nature which is inclusive of woods and a pond. Presently, there are no condos listed for sale and 2 have been sold this year.
Condos Sold in 2019:
- $222, 000. 5784 Staghorn Drive, Ann Arbor. 1164 sq. ft., + 575 in the finished lower level; 2 bedrooms and 3.0 baths.
- $204,000. 5740 Staghorn Drive, Ann Arbor. 1484 sq. ft., + 600 in the finished lower level; 3 bedrooms and 2.2 baths.
Last year at Clusters of Meadowview, only 1 condo sold with a sale price of $172,700 and a price per square foot of $114.00. The two condos that have sold so far in 2019 have an average sale price of $213,000, up 23.3%, and an average price per square foot of $164.00, up a considerable 43.9%. To learn more about condo values at Cluster of Meadowview, contact the condo experts with The Bouma Group at (734)761-3060 or email firstname.lastname@example.org. Click here for more information on Ann Arbor condos!
Saline Home Sale Prices Up 7%
The Saline Real Estate market finishes off the third quarter in a slight seller’s market with a 4.7 month supply of homes available for sale. This is especially evident in the under $500,000 range with all price points in a seller’s market. This changes over $500,000 with a large amount of homes for sale in each category with a high month supply. Year-to-date, fewer homes have been listed and sold which is driving the average sale price up. At the end of September, 346 homes were listed, compared with 404 the same time last year. 257 homes have sold compared with 278 and the average Saline home sale price has increased 7%, going from $367,348 in 2016 to $394,763.
For sellers, this is a great time to get your home listed for sale! Inventory is low and sale prices keep rising. Want to know what your home is worth? Contact us at The Bouma Group, Realtors at 734-761-3060 or email email@example.com and find out! See what is happening in your particular Saline neighborhood or search for homes here!