The second quarter data had both surprises and not some surprises. When you are out selling and working with buyers on a day to day basis, Realtors just instinctively know what is happening.
If a buyer wants a home in a certain neighborhood and a certain price point then the hunt is on. My last two listings both had offers within 2 weeks, a home in Saline and a condo in Ann Arbor.
Both of the sellers were aggressive in their pricing and both homes were in tip top shape.
In Ann Arbor there is currently a 6 month supply of homes on the market. Homes SW of Liberty to Main has the least amount of inventory with 5.5 months.
In comparison NW of US 23 to M 14 is showing the highest at 9.2 months.
Here are the charts, for residential homes in Ann Arbor, Chelsea, Dexter, Saline, Ypsilanti City, Milan, Ypsilanti Township, Van Buren, Whitmore Lake and Willow Run. If you have more questions or want me to email you a larger version just call me if you need more information. 734-821-0757.
Bottom line certain area’s are in better shape for sellers and certain areas are great opportunities for buyers.
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Missy - The key is to price aggressively so I am not surprised those sellers had offers in a short time. Yes it is a good time to buy.