Well, here it is the end of the year and the housing data is in.
Yes, we continued to sell homes in Ann Arbor, Michigan and throughout Washtenaw County. I know you are shocked by all the horror stories you read in the media. Oh well... people do need to move and buyers do need to buy.
Property in Washtenaw County, sold for 89% of asking price, with an average of 86 days on the market. Over one in 5 homes listed SOLD.
December ended with a 30% drop in listings in 2007, compared to December 2006. So even though our inventory was up by 17.5%, the drop in listings in December 2007 is a positive sign.
Here are a couple of graphs to compare historically the trends in Washtenaw County.
I like to say, "Buyers are very unforgiving". That means what they would accept in a home a few years ago, they don't have to now, they just keep looking and find what they really want.
The homes selling the fastest are those priced to sell.
Work with a Realtor that will "tell you the truth". The truth about your home, the condition, the market conditions and the absorption rate for the inventory on the market in your specific area, Ann Arbor, Saline, Dexter, Chelsea, Manchester and Ypsilanti.
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