The Ann Arbor Board of REALTORS reports Washtenaw County housing statistics show a stable market with a slight upward trend in the number of sales. The year-to-date residential listing inventory declined by 23.53 percent when compared to last year.  The number of residential sales for July rose 2 percent compared to a year ago, while residential sales increased 3.6 percent year-to-date over last year. Pending sales increased 12.39 percent compared to last year.

The average sales price went from $248,715 to $225,447 year to date 07’ vs. 08’. We have 8 closing on the last day of August, so 20 closings for August, and we are on track to achieve our sales goals in moving families in the Ann Arbor market.  This is a FANTASTIC time to buy.  I feel the bottom is near.

Listen as national speaker Terri Murphy discusses the market and short sales with Kathy Toth.  First Time Home Buyers can take advantage of the $7500 tax credit per a previous post. Please come to the Home Buying Seminar scheduled for August 26th at 6:30 pm, in the United Bank and Trust building located at 355 S Zeeb Rd Ann Arbor, MI.  RSVP with Buyers Agent, Vicki 734-216-2172.  It will be our pleasure to give you a pre-approval and have the experts show you secrets for the stress free way to house shop.  Get a head start by looking for your house or condo with our helpful mapping.

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