Ann Arbor Real Estate Market Up

Ann Arbor prices, volume, and number of homes  sold are up in Washtenaw County real estate.  Sales continues to remain strong in October of 2012 according to the Ann Arbor Area Board of REALTORS.  Robust is the word being used to describe the fast pace of residential real estate sales in October. Real estate sales in Washtenaw County, during the month October, has continued in the same upward trend that’s been taking place throughout the year.  Want to Know What your Home is Worth? 

 

The total year-to-date residential sales dollar volume is also up 19.3%. 

The number of listings on the market is slightly less than last year, and have continued to be low all year which is leading to higher sales prices for Sellers. This is a great reason to list your home as buyers are qualified and looking to purchase.  With less properties on the market many sellers have been receiving multiple offers.

Year-to-date, the average residential sale price is $211,738, an increase of 9.8 percent over last year.

The average sale price for residential real estate in October was $216,465, an increase of 14.6 percent over October last year.

Residential real estate sales units are up as well with an increase of 25.7 percent over last year, with 264 units sold in October 2012 compared to 210 units sold in October 2011.

 The number of homes sold  Year-to-Date is up 9%.

The average List Price in October 2012 (highlighted in Yellow below) for the Washtenaw County area is up 14% over October 2011.

The “Monthly Housing Statistics” published each month by the Ann Arbor Area Board of REALTORS® represent the housing activity of the Multiple Listing Service and not necessarily all the housing activity that has occurred in Washtenaw County. If you would like more details or information about our statistics, please email mls@aaabor.com.

Find out more from the Ann Arbor Experts and Search for homes in the Ann Arbor Area.

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Written by Kathy Toth - Visit Website
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