October 2012 Housing Market in Ann Arbor
Robust residential real estate sales in October continue the positive trend seen all year, based on statistics from the Ann Arbor Area Board of Realtors. Residential real estate sales reflected an increase of 25.7 percent over last year, with 264 units sold compared to 210 in October 2011.
Condo sales were up 8.3 percent, while sales of all property types were up 21.4 percent over 2011. Year to date, residential sales are up 9 percent, with sales for all property types showing an increase of 8.1 percent for the year.
The number of listings on the market is slightly less than last year, leading to higher prices. The average sales price for residential real estate in October was $216,465, an increase of 14.6 percent over last year.
Year-to-date, the average residential sale price is $211,738, an increase of 9.8 percent over last year.
The chart below is by school district. Search Ann Arbor homes for sale.