Reported by Martin Bouma, REALTOR, GRI, REALTOR-Associate
Updated May 14, 2012.
Current Market Rating: 3
1
2
3
4
5
Buyer's
Seller's
Current Price Trend: 3
1
2
3
4
5
Falling
Rising
Market Data for Single Family Homes, Ann Arbor School District Updated May 14, 2012 Data for the Past 12 Months
Price Range: Less than 100k Listings: 30 Under Contract: 17 Sales Past 12 Months: 48 Months Supply: 7.5
Price Range: 100-200k Listings: 154 Under Contract: 91 Sales Past 12 Months: 363 Months Supply: 5.1
Price Range: 200-300k Listings: 182 Under Contract: 97 Sales Past 12 Months: 354 Months Supply: 6.2
Price Range: 300-400k Listings: 81 Under Contract: 44 Sales Past 12 Months: 165 Months Supply: 5.9
Price Range: 400-500k Listings: 56 Under Contract: 20 Sales Past 12 Months: 69 Months Supply: 9.7
Price Range: 500-600k Listings: 29 Under Contract: 5 Sales Past 12 Months: 62 Months Supply: 5.6
Price Range: 600-700k Listings: 26 Under Contract: 4 Sales Past 12 Months: 31 Months Supply: 10
Price Range: 700-800k Listings: 17 Under Contract: 6 Sales Past 12 Months: 28 Months Supply: 7.4
Price Range: 800-1,000k Listings: 32 Under Contract: 1 Sales Past 12 Months: 15 Months Supply: 25.6
Price Range: 1,000k+ Listings: 22 Under Contract: 2 Sales Past 12 Months: 13 Months Supply: 20
Price Range: All Residential Ann Arbor Price Points (no rentals) Listings: 624 Under Contract: 286 Sales Past 12 Months: 1126 Months Supply: 6.7
The current month supply of homes on the market is defined as the ratio of current inventory of active listings compared to sales. In other words, given recent sales activity, one can estimate how many months it would take for the entire inventory to sell, assuming no new listings come to the market.
In the real estate market, if there is less than a 5 months supply of homes on the market, you are in a seller's market. A 5-7 month supply of homes is a balanced market. Anything over 7 months is a buyer's market.
To find out more about these Ann Arbor home statistics, or how prices are faring in your particular neighborhood, contact The Bouma Group today at 734-761-3060 or info@bouma.com. We track all Ann Arbor Real Estate by price point, subdivisions, and more! Visit our website at www.bouma.com where you can search the Ann Arbor MLS, find out what your home is worth, or read our informative blog for buyers and sellers.
ZIP Codes: 48103, 48104, 48105, 48108 Approximate Location Boundaries: Ann Arbor School District
Location Characteristics: Ann Arbor has many distinct neighborhoods that offer a variety of home buying opportunities. The area is a cultural Mecca with many performance centers and theaters, live music, dance groups, libraries, museums, parks, & farmer's markets. It is considered the education capital of the Midwest because it is home to the University of Michigan, one of the country's top universities. The Ann Arbor area offers one of the most varied menus of restaurants in the state with Main Street as one of Michigan's best places to eat, people watch and shop. In July, Ann Arbor is host to the Ann Arbor Art Fairs, which is among the nation's top street festivals and takes up nearly all of the downtown area. Artists and shoppers travel from all over the country to attend this yearly event. Ann Arbor is a great place to live!
About Martin Bouma:
Martin Bouma is the dynamic team leader of the Ann Arbor Real Estate Team, The Bouma Group of Keller Williams Realty. Implementing a barrage of technology tools makes Martin stand out in a sea of real estate professionals. Martin and his team use these online and offline tools for one purpose alone - so Washtenaw County home buyers and sellers succeed! He provides superior work ethic and solid dedication to his clients and what separates him from the amateurs is his thorough knowledge of the market, pricing and negotiating skills, and strong team who ensures ultimate success is achieved for their buyers and sellers.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
