The year-end Ann Arbor real estate sales report shows some encouraging trends:
FIRST: The increase in unit sales over the past 60 days. In November, there was an increase of 32% in unit sales over November 2008. In December, that increase, although lower, was still encouraging at a +6% over December 2008.
SECOND: The average sales price for Single Family Homes was higher in December 2009 over December 2008 by +2.7%. Year to Date, the average sales price measures in at an almost -14%; but during the 4th Quarter of 2009 the average sales price went from a -15.5% in October to a +2.7% mark in December. An improvement of +18.2%.
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 December 2008: 409
SFH Listings in December 2009: 359
SFH Sales December 2008: 216
SFH Sales December 2009: 229
SFH Sales Year to Date 2008: 3,082
SFH Sales Year to Date 2009: 3,027
SFH Avg. Sales Price December 2008: $173,343
SFH Avg. Sales Price December 2009: $178,059
SFH Avg. Sales Price Y.T.D. 2008: $211,342
SFH Avg. Sales Price Y.T.D. 2009: $182,287