Tuesday, January 12, 2010

December 2009 Ann Arbor Home Sales Report

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
Decrease: 22.3%

SFH Sales December 2008: 216
SFH Sales December 2009: 229
Increase: 6%

SFH Sales Year to Date 2008: 3,082
SFH Sales Year to Date 2009: 3,027
Decrease: 1.8%

SFH Avg. Sales Price December 2008: $173,343
SFH Avg. Sales Price December 2009: $178,059
Increase: 2.7%

SFH Avg. Sales Price Y.T.D. 2008: $211,342
SFH Avg. Sales Price Y.T.D. 2009: $182,287
Decrease: 13.8%

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