April 2011 Ann Arbor Home Sales Market Report

Another mixed bag in the Ann Arbor Real Estate market for April 2011, with decreases in unit sales, as compared to April 2010, but an increase in Average Sales price, year to date as compared to the same period in 2010. Here are the latest statistics from the Ann Arbor Board of Realtors:

Single Family Home Sales April 2010: 297
Single Family Home Sales April 2011: 261
Decrease -12.2%

SFH Sales Y.T.D. 2010: 890
SFH Sales Y.T.D. 2011: 859
Decrease: -3.5%

SFH Avg. Sales Price April 2010: $175,989
SFH Avg. Sales Price April 2011: $171,593
Decrease: 2.5%

SFH Avg. Sales Price Y.T.D. 2010: $168,357
SFH Avg. Sales Price Y.T.D. 2011: $174,342
Increase: 3.5%

Q1 Ann Arbor Real Estate Dollar Volume Sales Report

One of our areas economic indicators of the Ann Arbor Real Estate market is an analysis of toal sales volume in dollars. As this graph indicates, our area is on a pretty strong uptrend. In a year to year comparison for the First Quarter, total sales volume is up by 8.5% over 2010, and up by 37.3% over 2009.

Ann Arbor Home Sales in Units Q1 2011 v. Q1 2010

After positive trends in unit sales for the first two months of 2011, as compared to the same period in 2010, we've seen a bit of a comparative decline in unit sales for Ann Arbor area homes. In March 2011, there were 279 units sold, compared to 320 units sold in March 2010. Year to date, however, unit sales are almost identical, year over year, with 720 units sold YTD in 2011 vs. 724 unit sales YTD in 2010.

March 2011 Ann Arbor Home Sales Market Report

The good news is that Ann Arbor Home average sales prices are trending positively. For Single Family Homes, average sales price for March 2011 is up by 11% over March 2010, and is up by almost 7% Year To Date 2011 vs. 2010. Here are the latest statistics from the Ann Arbor Board of Realtors:

Single Family Home Sales March 2010: 255
Single Family Home Sales March 2011: 229
Decrease -10.2%

SFH Sales Y.T.D. 2010: 588
SFH Sales Y.T.D. 2011: 595
Increase: 1.1%

SFH Avg. Sales Price March 2010: $162,740
SFH Avg. Sales Price March 2011: $180,645
Increase: 11%

SFH Avg. Sales Price Y.T.D. 2010: $164,600
SFH Avg. Sales Price Y.T.D. 2011: $175,872
Increase: 6.8%

Ann Arbor New Home Listings by Month: 2010-2011

February 2011 Ann Arbor Home Sales Market Report

Across the board, Ann Arbor Home sales are trending positively for the first two months of 2011. Here are the latest statistics from the Ann Arbor Board of Realtors:

Single Family Home Sales February 2010: 166
Single Family Home Sales February 2011: 180
Increase 8.4%

SFH Sales Y.T.D. 2010: 331
SFH Sales Y.T.D. 2011: 360
Increase: 8.7%

SFH Avg. Sales Price February 2010: $167,049
SFH Avg. Sales Price February 2011: $176,629
Increase: 5.7%

SFH Avg. Sales Price Y.T.D. 2010: $166,418
SFH Avg. Sales Price Y.T.D. 2011: $173,615
Increase: 4.3%

2010 vs. 2009 Ann Arbor Home Sales Average Price Comparison

As the graph indicates, sales of homes in Ann Arbor are showing some encouraging trends. The Blue Line indicates 2009 Sales, and the Red line indicates 2010 Sales. The average sales price for homes within the Ann Arbor School District are up by almost 15% in December 2010, when compared with December 2009. Throughout the year of 2010, the average sales price has been a bit of a roller coaster ride, with a decline in the first Quarter, an increase in Average Sales Price of over 16% between April and August, followed by another Fall dip, followed by another almost 37% increase in the Fourth Quarter. These prices are the average for Single Family Homes, and do not include Condominiums. These statistics are from the Ann Arbor Board of Realtors.

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