October 2012 Ann Arbor Condo Market Update

Ann Arbor Condo Inventory Low, Sales High

The Ann Arbor Condo market continues to be in a seller's market with a 3.5 months supply of units available for sale. And with 53% of the units listed for sale currently under contract with a buyer, it's not likely that it will end soon.
Ann Arbor Condo Stats for October 2012

When looking at the above graph, the overall Ann Arbor Condo market has continued the trend of inventory dropping and sales climbing. The Bouma Group has worked hard to become Ann Arbor's #1 Condo seller! Contact us at 734-761-3060 to learn more about the current condo market and how we can help find the perfect place for you. Thinking of selling? We know the real estate market inside and out and offer the best in seller services!

Posted Monday, November 26, 2012 by Martin Bouma
Tags: Ann Arbor Condos, ann arbor market trends, ann arbor real estate trends, Ann Arbor Market Statistics, The Bouma Group Realtors, Seller's Market

October 2012 Ann Arbor Homes Update

Ann Arbor Home Sales Rise Even Higher

Ann Arbor Home Stats for October 2012

The trend of rising sales and shrinking inventory for Ann Arbor Homes continues as we enter the 4th quarter of the year. When comparing numbers from the end of October 2012 with those of October 2011, home sales are up 19% and inventory is down 23%. The current number of homes listed for sale, 426, is the lowest it has been in more than 2 years and the number of home sales (for the past 12 months) is the highest, 1246, since February 2011.

For a more detailed analysis of these statistics, or to find out what your home is worth in today's real estate market, contact the specialist with The Bouma Group at 734-761-3060 or info@bouma.com. We track all aspects of the market, by price range, schools, neighborhoods, and more and really have our finger on the pulse of real estate in Washtenaw County!

Posted Friday, November 16, 2012 by Martin Bouma
Tags: market update, Ann Arbor Homes, Ann Arbor Market Statistics, The Bouma Group Realtors, Martin Bouma