November 2008 Ann Arbor Home Sales Report

Single Family Home sales, in units, were down by 4.3% over a year ago, and are up by a scant 1.2% year to date.

Average sales price is down by 25.2% from November 2007, and YTD comparison shows 14.6% average sales price decline.

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 Listings in November 2007: 623
SFH Listings in November 2008: 428
Decrease: 30.2%

SFH Listings Y.T.D. 2007: 10,691
SFH Listings Y.T.D. 2008: 8,120
Decrease: 24.9%

SFH Sales November 2007: 211
SFH Sales November 2008: 202
Decrease: 4.3%

SFH Sales Y.T.D. 2007: 2,826
SFH Sales Y.T.D. 2008: 2,860
Increase: 1.2%

SFH Avg. Days on Market Nov. 2007: 73
SFH Avg. Days on Market Nov. 2008: 73

SFH Avg. Days on Market Y.T.D. 2007: 77
SFH Avg. Days on Market Y.T.D. 2008: 80

SFH Avg. Sales Price Nov. 2007: $245,359
SFH Avg. Sales Price Nov. 2008: $183,738
Decrease: 25.2%

SFH Avg. Sales Price Y.T.D. 2007: $250,643
SFH Avg. Sales Price Y.T.D. 2008: $214,456
Decrease: 14.6%