Ann Arbor Real Estate sales trends continue to trend positively in April, and for the past six consecutive months. The number of listings are up by 10.4%, the number of sales in units are up by a 14.2%, and best of all, the average sales price is up 20% month over month up by 11.4% Year to Date (2010 vs. 2009).
FIRST: Listing inventory is up by 10.4%, from 663 Units in April 2009, to 732 Units in April 2010.
SECOND: In April 2010, sales in units, of single family homes were up by 14.2% over April 2009. This marks SIX consecutive months of year over year sales growth:
November 2009: Sales up by 32%
December 2009: Sales up by 6%
January 2010: Sales up by 7.8%
February 2010: Sales up by 23%
March 2010: Sales up by 22%.
April 2010: Sales up by 14.2%
THIRD: The average sales price for Single Family Homes continues to rise over the same time period last year. In March 2010, ASP was up by 7.7% over March 2009. In April, the Average Sales price over April 2009 was +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 Sales April 2009: 260
SFH Sales April 2010: 297
SFH Sales Y.T.D. 2009: 766
SFH Sales Y.T.D. 2010: 890
SFH Avg. Sales Price April 2009: $145,611
SFH Avg. Sales Price April 2010: $175,989
SFH Avg. Sales Price Y.T.D. 2009: $151,111
SFH Avg. Sales Price Y.T.D. 2010: $168,357