Do you ever feel as a listing agent you are always giving sellers, "bad news"?

I know as an Ann Arbor agent it is discouraging to have to tell sellers that their home is not going to sell at what they had hoped for. Honestly in Ann Arbor and Washtenaw County, most of our sellers are realistic, yet when the CMA is done it is still disappointing for them to hear it.

The homes that are priced right and in remarkable condition are selling. Foreclosure's are also selling because in most cases they are 20% below the others listed in a subdivision. Now most foreclosure's are not in move in condition and some buyers are willing to fix them up to get a MUCH lower price.

The average list price in Washtenaw County is down 16% from August of 2007. I guess I should say another 16%. year to date list price is only down 9.5% over 2007.

The average sales price in Washtenaw County was $235,607 in August. That is down close to 19.5% compared to the same month last year.

Closing are up 5% more than August 2007.

Year to date closings are up 11.5%.

So homes are selling in Washtenaw County.

The inventory of homes coming on the market is down 26% less than the listings in August 2007. For the year, the number of new listings is down 30%. So that is good news.

Now if we could just put a smile on our sellers list, I would be a happy Ann Arbor Realtor.

Here are my monthly reports for Residential Data.

Thanks @ToddWaller, owner of Big House Data who compiles these reports for me monthly.