Market Update April 2008

Here's the latest snapshot from the Ann Arbor Board of Realtors. These statistics are for Single Family Homes (SFH) Residential, and do not include condominiums:

SFH Listings in April 2007: 1,118
SFH Listings in April 2008: 872
Decrease: 23%

SFH Listings Y.T.D. 2007: 3,945
SFH Listings Y.T.D. 2008: 3,234
Decrease: 18%

SFH Sales April 2007: 225
SFH Sales April 2008: 229
Increase: 1.8%

SFH Sales Y.T.D. 2007: 756
SFH Sales Y.T.D. 2008: 767
Increase: 1.45%

SFH Avg. Days on Market April 2007: 87
SFH Avg. Days on Market April 2008: 90

SFH Avg. Days on Market Y.T.D. 2007: 88
SFH Avg. Days on Market Y.T.D. 2008: 88

SFH Avg. Sales Price April 2007: $250,971
SFH Avg. Sales Price April 2008: $222,798
Decrease: 21.3%

SFH Avg. Sales Price Y.T.D. 2007: $238,888
SFH Avg. Sales Price Y.T.D. 2008: $217,631
Decrease: 8.9%