September 2013 Ann Arbor Condo Market Update

Ann Arbor Condos See Record September Sales


Ann Arbor Condo Stats for September 2013

The Ann Arbor Condo market saw record sales in September, for the past 7 years that we've been tracking, with 593 units sold in the past 12 months. Listing inventory has been declining and is down 25% since the peak in May. Overall, Ann Arbor is in a seller's market with a 3.8 months supply of units available, and under $400k it remains a very strong seller's market. We also saw the demand for condo rentals slow way down as the summer came to a close.

What a great time to get your condo listed for sale! Don't wait until after the holidays and increased inventory, call us today at 734-761-3060 or email info@bouma.com for an analysis of your condos value, it's probably worth more than you think! Looking to purchase? View Ann Arbor condo complexes here!



Posted Monday, October 21, 2013 by Martin Bouma
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August 2013 Ann Arbor Condo Market Update

Inventory Down 22% for Ann Arbor Condos

Ann Arbor Condo Stats for August 2013

When compared with the high for the year of 249 condos listed for sale in May 2013, listing inventory is down by 22% with 194 units. Even with tapering inventory, buyer sales have remained steady. What does this mean for condo sellers? With less competition in the marketplace, it's still a great time to get your unit listed. Here at The Bouma Group, in most cases we've been experiencing our condo listings selling in a matter of days and often over asking price. It is currently a Seller's Market with a 4 month supply of condos available.

We've been Ann Arbor's leading condo seller for 15 years and know this market inside and out. So if you've been thinking of selling your condo, contact us for a market analysis today at 734-761-3060 or info@bouma.com. Condo values have been rising and we have the knowledge, marketing, and negotiating skills to get you the best price in the shortest amount of time. Thinking of purchasing a condo? Check out Ann Arbor Condo complexes here!


Posted Monday, October 21, 2013 by Martin Bouma
Tags: Ann Arbor Condos, The Bouma Group Realtors, Listing Inventory in Ann Arbor, real estate market report