Ann Arbor Washtenaw County 2nd Quarter Market Data
Every month I get the Ann Arbor Area, Washtenaw County data from Big House Data. The second quarter data had both surprises and not some surprises. When you are out selling and working with buyers on a day to day basis, Realtors just instintively know what is happening.
If a buyer wants a home in a certain neighborhood and a certain price point then the hunt is on. My last two listings both had offers within 2 weeks, a home in Saline and a condo in Ann Arbor. Both of the sellers were aggressive in their pricing and both homes were in tip top shape.
In Ann Arbor there is currently a 6 month supply of homes on the market. Homes SW of Liberty to Main has the least amount of inventory with 5.5 months. In comparison NW of US23 to M14 is showing the highest at 9.2 months.
Condos in Ann Arbor have a 8.6 months of inventory, where as in Ypsilanti the inventory in condos is 28.2 months. Homes in Ypsilanti have a 18.5 months of inventory. Here are the charts, just call me if you need more information. 734-821-0757
Bottom line certain area’s are in better shape for sellers and certain areas are great opportunities for buyers.
August 6th, 2008 at 3:54 pm
Missy,
When I was reading this post it’s as if you were talking about the Reno RE market.
“My last two listings both had offers within 2 weeks”
We’ve been seeing this trend since summer started. But most of the action comes from $300k and below. Is it the same way for you guys?
August 6th, 2008 at 6:37 pm
Yes the homes priced right are selling, they also need to be in great condition.
So right price, right condition= SOLD
Over price, Boo
Messy too much work BOO
August 25th, 2008 at 1:10 pm
I love your post Missy. Keep it up.