Realty Times - Ann Arbor, Michigan Real Estate Market Conditions

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CONDITIONS™

By Local Real Estate Experts

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Michigan > Ann Arbor

Market Conditions Summary for Ann Arbor, Michigan

Reported by

MARK Z.
as of 7/12/2009:

HELLO FROM ANN ARBOR! Recently Ann Arbor has experienced a buyer's market with prices trending downward. The median price of a single family residence is approximately $285K. Please feel free to call me anytime at (248)... MORE->
About MARK Z.

Reported by

Angie Perino
as of 7/1/2009:

Thanks to declining home prices and record low mortgage rates, the ability of consumers to buy a home has hit a record high! The numbers for sales in Ann Arbor were down from 2008 but there are pockets of promising activity and some multilpe offer... MORE->

Reported by

Kathy Toth & Team
as of 6/30/2009:

The market is still a buyers market. Currently there are 851 Ann Arbor homes for sale and 466 condos for sale. Million dollar plus properties have a 5 year supply of housing. The most expensive listing over 5 million at 2525 Country Club Road is... MORE->
About Kathy Toth & Team

Reported by

Martin Bouma
as of 6/24/2009:

For the past 2 weeks the residential home market has remained steady and the months supply of homes rose very slightly to 10.3. Rentals continue to be in a balanced market and homes under $100k are now in a balanced market. The remaining price... MORE->
About Martin Bouma

Average Current Market Rating: 1.3 (4 ratings)

1	2	3	4	5
Buyer's Market			Seller's Market

Average Current Price Trend: 1.5 (4 ratings)

1	2	3	4	5
Falling			Rising

Navigate: Top > Michigan > Ann Arbor

Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.

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