July 2009 Ann Arbor Area Home Sales Report

July 2009 comparative analysis shows an average sales price drop of more than 15% over July 2008, bringing the Year to date average sales price drop to 19% over the same time period in 2008. 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 July 2008: 791
SFH Listings in July 2009: 622
Decrease: 21.4%

SFH Sales July 2008: 349
SFH Sales July 2009: 330
Decrease: 5.5%

SFH Sales Year to Date 2008: 1,794
SFH Sales Year to Date 2009: 1,688
Decrease: 6.0%

SFH Avg. Sales Price July 2008: $236,209
SFH Avg. Sales Price July 2009: $199,973
Decrease: 15.4%

SFH Avg. Sales Price Y.T.D. 2008: $225,447
SFH Avg. Sales Price Y.T.D. 2009: $182,832
Decrease: 19%