September 2012 Ann Arbor Condo Market Update

Sales Continue to Rise for Ann Arbor Condos

The end of September saw Ann Arbor Condo sales, including the past 12 months, higher than they've been in over 5 years. Buyer confidence, low interest rates, rising condo prices, and a tight inventory all contribute to the condo market shifting for the better. For most Ann Arbor complexes, prices have hit bottom and are on their way up again, prompting many condo buyers to get off the fence and make a purchase. There is currently a 3.9 month supply of available condos, making for a seller's market.

Ann Arbor Condo Stats Sept 2012

To learn more about the current market conditions, contact us, the experts with The Bouma Group at 734-761-3060 or info@bouma.com. We continuously track all statistics including Downtown Ann Arbor Condos, Ann Arbor Lofts, specific complexes, price points, and we know all trends - so if you're considering purchasing or selling a condo in Ann Arbor, give us a call for the latest data. Have you checked out Ann Arbor's Condo Hotline yet? View real-time active listings and recent sold information, by-laws, floor plans, photos and more!

 

Posted Tuesday, October 30, 2012 by Martin Bouma
Tags: Ann Arbor Condos, downtown ann arbor condos, Ann Arbor Condo Market Statistics, The Bouma Group Realtors

September 2012 Ann Arbor Homes Update

A Seller's Market Continues for Ann Arbor Homes

When compared with September 2011, sales for Ann Arbor homes is up by 18.5% and went from 1046 homes sold in the past 12 months to 1239 homes sold. The months supply of homes decreased to 4.5 and Ann Arbor Real Estate remains in a seller's market.

Ann Arbor Homes Stats Sept 2012

Inventory remains at the lowest point since last December leaving buyers with fewer home choices. This is helping to drive prices upward and aid in the recovery of the Ann Arbor market. To learn more about home prices and values in your Ann Arbor neighborhood or area, contact the Ann Arbor Subdivision experts at The Bouma Group today at 734-761-3060 or info@bouma.com.  Visit our Real Estate website and Search the MLS for homes now!

Posted Wednesday, October 17, 2012 by Martin Bouma
Tags: Ann Arbor Homes, ann arbor subdivision, ann arbor market trends, Ann Arbor Market Statistics, The Bouma Group Realtors