December 14, 2010 Ann Arbor Area Board of REALTORS®
Positive Gains
Real estate sales numbers provided by the Ann Arbor Area Board of REALTORS® show a continued trend of positive gains over last year at this time. Year-to-date sales show an increase of 8.3 percent over last year, based on 3,870 transactions, compared to 3,572 real estate transactions in 2009. Dollar volume, likewise, shows an increase of 6 percent over 2009, with $646 million in sales for 2010, through November, compared to $609 million at this time last year. Average residential sales prices for November are up in most communities, with increases ranging from 10 to 28 percent over 2009. The average residential sales price for Ann Arbor in November 2010 was $319,384, Dexter was $283,639 and Ypsilanti showed $97,123. NAR Chief Economist Lawrence Yun is predicting a moderate gain in home sales for 2011. Easing of lending guidelines, adjustments to tax policy and jobs creation will positively affect 2011 home sales.
Company: Prudential Snyder & Company Realtors
Phone: 734-395-4990
Email: Caitlin at CaitlinAmanda dot com
