Tuesday, July 14, 2009

Ann Arbor Home Sales Market Report: June 2009

Well, one month does not a trend make. After last months good news of a comparative increase in average sales price of almost 9%, June 2009 comparative analysis shows a dip back into negative territory at a (4.7%) and a Y.T.D. (2008 vs. 2009) average sales price drop of just over 20%.

Here are the latest statistics from the Ann Arbor Board of Realtors. These numbers are for Single Family Homes (SFH) Residential, and do not include condominiums:

SFH Listings in June 2008: 808
SFH Listings in May 2009: 678
Decrease: 16.1%

SFH Sales June 2008: 357
SFH Sales June 2009: 346
Decrease: 3.1%

SFH Sales Year to Date 2008: 1,436
SFH Sales Year to Date 2009: 1,350
Decrease: 6.0%

SFH Avg. Sales Price June 2008: $232,162
SFH Avg. Sales Price June 2009: $206,738
Decrease: 4.7%

SFH Avg. Sales Price Y.T.D. 2008: $223,082
SFH Avg. Sales Price Y.T.D. 2009: $178,431
Decrease: 20.1%

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