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February 2016 Market Update for Ann Arbor Condos

Ann Arbor Condo Market Update for February 2016

Ann Arbor Condo Statistics for February 2016

Ann Arbor dips further into a seller’s market, with a 1.1 month supply of condo inventory, as sales continue to soar and listings aren’t keeping pace. When looking back at February over the last few years, inventory is actually pretty steady. There were 160 condos listed in 2015, 157 in 2014, and 146 in 2013. However, there are not enough listings to keep up with today’s buyer demand. The condo listings we’ve taken so far this year have all received offers within the first week.

Do you own an Ann Arbor Condo you’ve been thinking of selling? Check out your complex here to see what is currently listed for sale and what the pricing trends have been. Contact us at The Bouma Group and find out what we can do to get your unit sold and for top dollar!

Posted Wednesday, March 30, 2016 by Martin Bouma
Tags: market update, Ann Arbor Condos, condo market report, condo sales