Monday, May 12, 2008

Ann Arbor Condo Market Update: April 2008

Condo Market Update From the Ann Arbor Board of Realtors:

# of Listings April 2007: 230
# of Listings April 2008: 246
Increase: 7%

Y.T.D. 2007: 1,114
Y.T.D. 2008: 780
Decrease: 30%

Sales April 2007: 41
Sales April 2008: 43

Sales Y.T.D. 2007: 165
Sales Y.T.D. 2008: 151
Decrease: 9%

Median Sales Price Y.T.D. 2007: $160,000
Median Sales Price Y.T.D. 2008: $139,000
Decrease: 13.2%

1 comment:

andy_piper said...

Hello Brian, nice concise summary. Thanks. The good news is that overall inventory is down making less competition for sellers.

Andy Piper