An Increase in Listings and Sales in Saline
In April, Saline Real Estate saw a significant jump of 51% in the amount of listings entered this month compared to April last year, 62 versus 41. The average listing price did decline slightly from $501,642 to $490,153. A 12% increase in the amount of sales this year equals a 3 home difference, with 28 homes selling in April. Like listing prices, selling prices also saw a decrease. Last year during April, selling prices averaged at $431,895, and this year selling prices averaged 10% lower at $389,144. The average days on the market were extended from 33 days last year to 46 in 2018. But year-to-date statistics rose in general, there were more listings with a higher listing price and higher selling price in comparison to the year prior. The amount of listings thus far increased by 10% compared to last year, from 124 homes listed to 136 homes listed. Listing prices went from $458,838 to $483,633, which is a 5% increase. There was a 6% decline in the amount of homes sold year-to-date, with 74 homes selling so far this year. Presumably because listing prices rose, selling prices also did; so far this year the average price of properties sold increased 11%, $421,314 versus $379,481. Overall, Saline has a balanced market, especially within the 400k to 500k price range. Below 400k would be classified as a seller’s market; whereas above 500k would be considered part of a buyer’s market. Similar trends were also found in the last quarter report, but those in the seller’s market are slowly increasing their current month supply this year.
If Saline continues on this trajectory, it should be a successful year. With more inventory on the market, buyer’s have more options and seller’s must properly evaluate the value of their homes. Whether you are buying or selling, contact the real estate specialists with The Bouma Group at (734)761-3060 or email email@example.com. Stay tuned for more market updates here!
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 firstname.lastname@example.org and find out! See what is happening in your particular Saline neighborhood or search for homes here!
Saline Real Estate in Seller’s Market
The Saline Real Estate market ended the year in basically the same way it ended 2015. According to the Ann Arbor Area Board of Realtors, the number of homes sold in Saline increased slightly from 357 in 2015 to 362 in 2016. The average sale price of these homes decreased just slightly from $366,998 to $366,265 with the average days on the market decreasing by 5 days overall. The number of new listings is following the same trend as all of Washtenaw County and decreased 4% with 477 homes listed. It is currently a seller’s market in Saline with an overall 3.6 month supply of homes listed for sale.
Saline Real Estate Ends 2015 in a Seller’s Market
It’s good news for sellers of Saline Real Estate. 2015 ended in a seller’s market with a 4.1 month supply of homes listed for sale. This is due to extremely low inventory of available homes and higher sales for the year. At the end of 2014 there were 146 Saline homes for sale, compared with 143 this year, and about 302 homes sold, compared with about 415 this year. Home sales were up approximately 37% with virtually the same amount of inventory.
There are plenty of buyers out there looking for homes to purchase, which is apparent in the number of homes that sold. If you have been thinking of selling your home, but aren’t sure what it’s worth in today’s market, contact us at 734-761-3060 or email email@example.com for a free home valuation. Don’t wait for the spring market, let your home stand out to buyers now! See Saline Homes for Sale here.
Saline in a Balanced Real Estate Market
While inventory for Saline homes has risen from the first quarter, up 23%, it is down 17% from the end of June 2013 when 215 homes were listed. Sales are down slightly from the first quarter and from this time last year. The Saline Real Estate market as a whole is slower than last year and in a balanced market with a 6.4 month supply of homes available. Sales historically pick up in the fall as the homes that sold in the stronger spring and summer market begin to close.
Here at The Bouma Group, we track all aspects of the market, including price points, schools districts, neighborhoods and more. To find out what is happening in your specific area, give us a call at 734-761-3060 or email firstname.lastname@example.org. As Washtenaw County’s premier real estate team, we have the knowledge and experience to get your home sold!