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November 2013 Ann Arbor Condo Market Update

Sales Begin to Slow for Ann Arbor Condos

As the colder weather sets in, we are beginning to see Ann Arbor Condo sales slow a bit. While sales are up 10% when compared with last year, they are at the lowest point for 2013 with 576 condos sold in the past 12 months. Overall, it continues to be a seller's market with a 3 months supply of units available. The over $500k price range is in a buyer's market, as it typically is. Condo inventory tends to peak in May, so if you've been thinking of selling, beat the crowd and consider getting it listed right after the holidays.

Wondering what your condo is worth? Contact us for a FREE market analysis and see what units in your complex are selling for. Ann Arbor Condo values really rose last year and your home may be worth more than you think. The Bouma Group has been the #1 condo seller for more than 15 years and knows this market better than anyone! Contact us today at 734-761-3060 or email for more information on this report. Search the MLS for condos here.

Posted Monday, December 30, 2013 by Martin Bouma
Tags: Ann Arbor Condos, The Bouma Group Realtors, Condo Market Update, Sold Condos in Ann Arbor