October 2010 Ann Arbor Area Home Sales Market Report

In October, Ann Arbor Home sales in units was down by almost 23% as compared to October 2009. The average sales price for Ann Arbor Single Family homes declined by 3.1% over October 2009. Year to date comparison for 2010 vs. 2009 shows a slight increase in unit sales, and an almost identical average sales price.

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 October 2009: 277
SFH Sales October 2010: 214
Decrease: -22.8%

SFH Sales Y.T.D. 2009: 2,524
SFH Sales Y.T.D. 2010: 2,628
Increase: 4.1%

SFH Avg. Sales Price October 2009: $172,698
SFH Avg. Sales Price October 2010: $167,382
Decrease: -3.1%

SFH Avg. Sales Price Y.T.D. 2009: $183,426
SFH Avg. Sales Price Y.T.D. 2010: $183,831
Increase: 0.002%