Ann Arbor Real Estate Statistics and Expertise
Recently the Ann Arbor News summarized the stats prepared by the Ann Arbor Board of Realtors®. Further detail is explored in the link to the table below with the last 12 months for residential properties.
Ann Arbor Real Estate Statistics
So what this indicates is that we still have a buyer’s market since the supply is greater than 6 months and overall, Ann Arbor is faring the best with 8.2 months supply, Dexter at 14.5 months supply, Saline at 14.6 months and Chelsea trailing with 16 months supply. I explain it like this. If you fill up a bathtub with water and add no more drips from the faucet, it will take 8.2 months for the water to drain out. If no more houses are put up for sale, then it will take 8.2 months for all those Ann Arbor homes to sell.
Statistics change quickly and differ in price categories, so be sure to check with your Ann Arbor Real Estate experts for details on your home. We are here to help.
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Kathy Toth & Team: Ann Arbor Area Real Estate Experts
Keller Williams Realty
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April 13th, 2009 at 11:06 AM
[...] month’s edition covers Ann Arbor real estate market activity and then we’ll look at the new homebuyer’s tax credit for 2009 and we’ll discuss [...]