How Many Months Supply of Homes in Saline Real Estate?

Ann Arbor Area Real Estate: Saline, MI Real Estate Statistics Show 17 Months of Housing Supply

Let's see what is happening in the Saline Real Estate market. How much are homes selling for with regard to average Sales Price per Square Feet? In 2009, the average sold price per square foot was $110.35, and is staying around $110.00 per square foot.

The chart provided by Affinity Valuations, appraisal company, shows the trend line of average sale price per square feet sold in Saline schools over the last 12 months. As you can see the trend line shows prices around $110 per square feet over the last 12 months.

There is a 17 month supply of Saline homes. If no other Saline residential homes were put on the market, it would take 17 months to sell these homes. Anything over 6 months is a buyers market.

Shown in chart below, Saline asking prices were up 16 percent from February 09′ to February 10′ and median sold prices were up 102 percent for this time frame and asking prices were up by 16 percent.

The chart below shows that the number of home for sale from February 09′ vs. February 10′ were up 11 percent and number of homes sold during this time frame were down 31 percent.  The trend lines are flat.

Over the last 12 months 282 homes have sold ranging in bedrooms 2 to 6 and baths from 1 to 5. The home sizes sold ranged from 815 square feet to 11,237 sf.  The list prices were from $37,900 to $2,500,000. The highest sale price was $2,500,000; average sold price for the year was $288,486. Sellers received an average sold price compared to list price of 95%.

There are 251 (vs. 223 last month) active Saline homes for sale ranging from 1 bedrooms to 6 and 1 baths to 6. The homes range in size from 768 square foot to 7,704 square foot. The list prices are from $72,900 to$2,169,200.

All in all it remains a buyers market regarding Saline Real Estate with a buffett of opportunity, low interest rates and affordable homes. There are at least 10 non private owned homes with many short sales. To buy the book Should I Short Sale My Home, click here. With all Saline has to offer, it's no wonder CNN/Money Magazine once again named us one of the country's top 100 "Best Places to Live" out of more than 1,300 cities ranked.

Incidentally, watch us help Saline couple sell their condo and move to Pinckney on House Hunters HGTV.