August 2009 Ann Arbor Home Sales Report

August 2009 comparative analysis shows an average sales price drop of 9.4% over August 2008, bringing the Year to date average sales price drop to 17.8%. 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 August 2008: 677
SFH Listings in August 2009: 528
Decrease: 22.1%

SFH Sales August 2008: 343
SFH Sales August 2009: 282
Decrease: 17.8%

SFH Sales Year to Date 2008: 2,141
SFH Sales Year to Date 2009: 1,976
Decrease: 7.8%

SFH Avg. Sales Price August 2008: $218,626
SFH Avg. Sales Price August 2009: $198,121
Decrease: 9.4%

SFH Avg. Sales Price Y.T.D. 2008: $224,287
SFH Avg. Sales Price Y.T.D. 2009: $185,028
Decrease: 17.6%