Call: 734.761.3060

April 2014 Ann Arbor Condo Spring Report

Ann Arbor Condos in Spring Market!

Ann Arbor Condo Market Statistics April 2014

With a 4.6 month supply of condos available, Ann Arbor remains in a seller's market, but is getting closer to a balanced market. As more units are listed for sale, the more balanced it will become. Typically April and May see the highest amount of listings and signs point to this trend continuing as condo values increase and more sellers are able to put their condos on the market. Even the over $1,000,000 price range is seeing activity with 3 units out of 4 having contracts pending.

To learn more about condo values, contact us today at 734-761-3060 or info@bouma.com. Visit our website where you can search the Ann Arbor MLS, download a Downtown Ann Arbor Condo report, or see info for all local condo complexes!

Posted Tuesday, May 27, 2014 by Martin Bouma
Tags: market update, Ann Arbor Condos, Market Report for Ann Arbor Condos, Spring Real Estate Market

February 2014 Ann Arbor Condo Market Update

Ann Arbor Condo Listings on the Rise!



Ann Arbor Condo Market Update

After experiencing a steady decline in listings from the peak last May, the Ann Arbor Condo market is finally seeing a rise in inventory. Compared with last February, the number of condo  listings has grown by almost 8%. While that's not a huge increase, it's a good start and hopefully a sign that as the spring market begins, more condos will be listings to help satisfy the large buyer demand. Overall, Ann Arbor is in a seller's market with a 3.2 month supply of condos, and only the over $500k price range is in a buyer's market.

It is shaping up to be a busy spring condo market and once the weather warms up, we are expecting listings and sales to better than we've experienced in a while. Continue to check back here for more updates on Ann Arbor as a whole and for particular condo complexes. Here at The Bouma Group, we've sold more condos than any other agent for the past 15 year and know this market better than anyone!



Posted Tuesday, May 27, 2014 by Martin Bouma
Tags: market update, Ann Arbor Condos, The Bouma Group, Market Report for Ann Arbor Condos, Listings for Ann Arbor Condos, Condo Listing Inventory