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Ann Arbor 2nd Quarter Inventory and Sales Reports

Ann Arbor Michigan, is still experiencing a buyers market. There are some great opportunities for first time home buyers. Several years back, it was impossible to purchase a home in Ann Arbor for under 200,000. If one came on the market..........it had multiple offers. Now if you are a buyer you have 30 or more to choose from.

This market data, is taken from the Ann Arbor Board of Realtors MLS data and is put together according to the 9 areas in Ann Arbor. If you picture a wheel with spokes in the wheel you will see how it all comes together in downtown Ann Arbor. Throughout Ann Arbor there is a 10.8 month supply of inventory. In the million dollar and above price range, there is showing it's most inventory with 66 months of inventory or 5.5 years. The good news is that the homes between 500-599K is the strongest with 5.9 months of inventory.

This is all the data from the 2nd quarter, with sales, inventory and months of absorption rate. The absorption rate is based on how long it will take a home to sale that is currently listed. ( if no other homes come on the market )

Graphs are created by Big House Data, LLC in Ann Arbor, MI.

You can search all homes available at Search Ann Arbor Houses.

Ann Arbor Market Data

Posted by Missy Caulk Ann Arbor Real Estate on 07/27/2007 05:12 PM

Comments (8)

ann arbor, mi

This post has been included in Michigan Information Washtenaw County, MI Information Ann Arbor, MI Information
Post is included in group: Posts to Localism

8 Comments on Ann Arbor 2nd Quarter Inventory and Sales Reports

Missy another informative report on the Ann Arbor real estate market. I am sure the consumers appreciate them.

07/28/2007 12:18 AM

by Albuquerque Real Estate | Ashley Drake Gephart (Keller Williams Realty)

This is for the city of Ann Arbor, the other is for all of Washtenaw County.

07/28/2007 06:47 AM

by Missy Caulk Ann Arbor Real Estate (Keller Williams Ann Arbor, Michigan)

Missy we're feeling the same here and it seems like it's pretty normal for the market everywhere. Fortunatley for the sellers who want to move up, they sell low-er but can buy low-er too!

07/28/2007 07:01 AM

by Real Estate Specialist | Brandon, FL | Susie Roscoe (Signature Realty Associates)

Susie, you are exactly right. If they are staying in Michigan and many other parts of the county they can just trade negative equity. Get the house they want now that prices are lower.

07/28/2007 08:02 AM

by Missy Caulk Ann Arbor Real Estate (Keller Williams Ann Arbor, Michigan)

Missy, great stats for Ann Arbor. Looks like there is a wide variety of homes available.

07/28/2007 05:54 PM

by Stephanie Edwards-Musa, Realtor ® The Woodlands, TX Real Estate (Prudential Gary Greene, Realtors ®)

Yes there is, and more affordable now. :)

07/28/2007 07:30 PM

by Missy Caulk Ann Arbor Real Estate (Keller Williams Ann Arbor, Michigan)

Missy - lots of timely information on what the Ann Arbor Real Estate market is doing right NOW. I find so many people still think of friends and family that sold a year ago and they're surprised at what a difference a year makes.

07/29/2007 10:36 PM

by Clearwater Real Estate - Tampa Bay FL Homes & Condos for Sale- Cyndee Haydon (Belloise Realty)

Cyndee, we are seeing homes stay the same or depreciate from 2000 and up.

07/30/2007 08:19 AM

by Missy Caulk Ann Arbor Real Estate (Keller Williams Ann Arbor, Michigan)

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Real Estate Agent: Missy Caulk Ann Arbor Real Estate (Keller Williams Ann Arbor, Michigan)

Missy Caulk Ann Arbor Real Estate
Ann Arbor, MI
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Keller Williams Ann Arbor, Michigan

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A blog about real estate in Ann Arbor, Michigan and the surrounding area's of Saline, Dexter, Chelsea and Ypsilanti.

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