Ann Arbor Market Reports
Who says there are no buyers in today’s real estate market?
Ann Arbor homes and condos are selling. While most areas throughout the board are showing a buyer’s market (over six months of inventory), there are some bright spots by area and price point throughout the residential and condo markets.
What is selling in this market? Properties are selling where price and quality converge. This is the case in every market, not just where there is an over abundance of inventory. The high levels of inventory only magnify this point and make it appear as though there are no buyers.
Price you home right and it will sell. I am seeing as a Realtor in Ann Arbor and Washtenaw County for 13 years that the MAJORITY of homes are priced to sell.
Ann Arbor:
Homes: Throughout Ann Arbor, there is a 6.9 month supply of homes currently on the market.
The $1 Million< price point is showing its weakness with over 4.5 years worth of inventory (55 months).
The $600,000-$699,999 price point is the strongest in Ann Arbor with only 3.7 months of inventory currently on the market, nearly a seller’s market (defined as 3 or fewer months of inventory).
SW Liberty to Main area has the least amount of inventory at 5.5 months.
Scarlett & E Pittsfield area of Ann Arbor is showing nearly 8.5 months of inventory.
Condos: Overall, the city of Ann Arbor is carrying over 11 months worth of
condominium inventory. Unfortunately, the $500,000+ price point is saturated with 73 months of inventory.
Westside S of M14 shows the softest condo market with nearly 22
months of inventory.
NE & North Campus maintains under 7.4 months of inventory, the strongest condo market in Ann Arbor.
If you would like a detail report of every area in Ann Arbor, and the Washtenaw County Quarterly Marketing reports just email me at
Buyers: You will not know the market has turned until it is over. So Search for all the homes in Washtenaw County at Search Ann Arbor Houses.
December 13th, 2007 at 7:02 am
Missy, We are starting to see some movement here in Long Beach as well.
December 13th, 2007 at 3:19 pm
I love your take on this, Missy- in our area as well, there are plenty of buyers for homes that are priced appropriately for the condition of the property. While there has been a bit of a price correction from the 2005 highs, the bottom most definitely has NOT fallen out of the market in Ann Arbor OR Chico!
December 13th, 2007 at 3:48 pm
Hi Laurie, thanks for stopping by, what happened at the rent control meeting in Long Beach?
Sandi, no it has not fallen out, especially in certain area’s and the City of Ann Arbor, our out county area’s are hurting.