July 2010 Ann Arbor Home Sales Report

For the first time in nine months, Ann Arbor home sales, in units are down by (22.5%) over the same time period of July 2009.

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%
May 2010: Sales up by 38.6%
June 2010: Sales up by 12.1%
July 2010: Sales DOWN by -22.5%

Also, the average sales price in July was just (1.7%) below July of 2009.

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 July 2009: 330
SFH Sales July 2010: 256
Decrease: (22.5%)

SFH Sales Y.T.D. 2009: 1,688
SFH Sales Y.T.D. 2010: 1,876
Increase: 11.1%

SFH Avg. Sales Price July 2009: $199,973
SFH Avg. Sales Price July 2010: $196,673
Decrease: -1.7%

SFH Avg. Sales Price Y.T.D. 2009: $182,832
SFH Avg. Sales Price Y.T.D. 2010: $182,860
Increase: 0.0%