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Ann Arbor-Washtenaw County Condo Reports March 2008

March Condo Reports

Just like the residential market in Ann Arbor, the condo market saw a reduction of the number of listings that came on the market in March by 47%.

The average sales price of condo's in Washtenaw County was $145,930. That is down over 28% since March of 2007. The number of closing is down 12%.

With both those things declining, sellers are noting that the lower priced condo's are selling faster. Buyers are very picky and with so many units on the market, they have a chance to be extremely picky. Sellers need to contantly be aware of the number that are selling and what the selling price is. It is advised that you consult with a professional Realtor who will keep you updated as to the changes on a monthly basis.

Data obtained my Big House Data LLC, in Ann Arbor, Mi from the Ann Arbor Board of Realtors.

march Condo Market in Ann Arbor

Posted by Missy Caulk-Ann Arbor- Realtor(R)- Ann Arbor Real Estate on 04/09/2008 05:05 PM

Comments (11)

ann arbor, market reports, michigan, missy caulk, realtor, real estate

Originally posted at: Ann Arbor Undressed : Ann Arbor-Washtenaw County Condo Reports March 2008

This post has been included in Michigan Information Washtenaw County, MI Information Ann Arbor, MI Information

11 Comments on Ann Arbor-Washtenaw County Condo Reports March 2008

APR

2008

Missy, What a lovely way to end a market report. Nice touch!!

Missy- What a clever and creative market report. I did not know you had condos up there. I thought that was a city thing. And how is everyone getting these backgrounds?

APR

2008

Katerina, over on my side bar, under the phone numbers is a customizable link that Brad Carroll designed for Active Rain. It is easy ! Ann Arbor has tons of Condo's, quite a market for them with the University being here.

Now you are taking after me with all your graphs and visuals...pretty nice eh?

Missy have you had anyone get upset with you personally for publishing the reports and absorption rates? I am undergoing this phenomenon right now and I'm just so confused by it. Why wouldn't anyone want to know the truth?

Missy,

Those people in Florida must think Ann Arbor is the country. Yes we don't have high rises condos like Florida but we have some very beautiful condos. Great marketing report.