Improvement in the Ann Arbor Real Estate Market

Is it possible the strong buyers' market is changing? Washtenaw County stats released by the Ann Arbor Area Board of Realtors August 12, 2008 indicate an upward trend in the number of sales and sale prices. The year-to-date residential listing inventory declined by 23% from the same period a year ago, and the average sale price for July rose 2% compared to a year ago. Pending sales, increased 12.39% compared to a year ago.

Everything points to continued improvement in our county's real estate market for the rest of this year. So, if you've been waiting to buy, get out there now and seriously consider making a home purchase before we really move off from the "bottom" of the market.

Call me at 800-923-3245 if you wish more specific information on any area within the county.