October 2009 comparative analysis shows an average sales price drop of 7.4% over October 2008. The Year to date average sales price drop improved over the past 60 days by +2.3%. (From -17.8% in August to -15.5% in October). Also notable in October is an 11.2% increase in unit sales over October 2008. This is primarily attributed to the First Time Home Buyer Tax Credit. 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 October 2008: 655
SFH Listings in October 2009: 502
Decrease: 23.4%
SFH Sales October 2008: 249
SFH Sales October 2009: 277
Increase: 11.2%
SFH Sales Year to Date 2008: 2,648
SFH Sales Year to Date 2009: 2,524
Decrease: 4.7%
SFH Avg. Sales Price October 2008: $186,324
SFH Avg. Sales Price October 2009: $172,698
Decrease: 7.4%
SFH Avg. Sales Price Y.T.D. 2008: $216,833
SFH Avg. Sales Price Y.T.D. 2009: $183,426
Decrease: 15.5%
The Bundesen Team at Real Estate One. Ann Arbor Real Estate information.
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