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June 2016 Market Upddate for Ann Arbor Condos

Ann Arbor Condo Statistics for June 2016 Second QuarterSave

Inventory for Ann Arbor Condos is finally starting to rise. There are currently 232 units listed for sale, compared with 183 this time last year. Year-to-date, 450 new units have come to the market, with only 409 last year. Condo sales are down slightly, however the 85 condos sold in June 2016 is much higher than in 2015 with 63 sales. It continues to be a seller's market with a 3.9 month supply of condos for sale.

For more information on these statistics or to find out specific values for your Ann Arbor Condo complex, contact the real estate experts at The Bouma Group today at 734-761-3060 or info@bouma.com. And be sure to visit our Ann Arbor Real Estate website where you can view market data, search for downtown Ann Arbor Condos, and view our current listings!

Posted Monday, August 01, 2016 by Martin Bouma
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