Condo Market Update From the Ann Arbor Board of Realtors:
# of Listings April 2007: 230
# of Listings April 2008: 246
Increase: 7%
Y.T.D. 2007: 1,114
Y.T.D. 2008: 780
Decrease: 30%
Sales April 2007: 41
Sales April 2008: 43
Sales Y.T.D. 2007: 165
Sales Y.T.D. 2008: 151
Decrease: 9%
Median Sales Price Y.T.D. 2007: $160,000
Median Sales Price Y.T.D. 2008: $139,000
Decrease: 13.2%
The Bundesen Team at Real Estate One. Ann Arbor Real Estate information.
1 comment:
Hello Brian, nice concise summary. Thanks. The good news is that overall inventory is down making less competition for sellers.
Andy Piper
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