Market Report
The number of recorded Sheriff’s Deeds are down again for the 6th straight month in 2012 for the Ann Arbor and the Washtenaw County Area. The 74, July 2012 reported sheriff’s deeds are down 27 % over the same period in July of 2011. Comparing the 510 recorded Sheriff’s deeds year-to-date 2012 to the 690 recorded in 2011 the sheriff deeds are down 26%. If we compare the number year to date for 2012 for the same year-to-date period in 2010 we are doing 41% better than 2 years ago during the same reporting period. Great news as Recorded Sheriff’s Deeds have continued to decline for the past 6 months in a row. The positive news is – the number of recorded sheriff’s deeds continues to head back toward those of 2006 totals. View the chart below for full details.
Buyers – know that home prices are continuing to climb and the mortgage market interest rates are fantastic. Our buyer’s agents are ready to help you purchase your new home. Don’t rent when you can buy and capture the market pricing for incredible fixed rate 30 year payments. Landlords can raise the rent, but a fixed rate mortgage will remain the same for the term of your loan. Read Why Rent when you could own. Read our Seven successful buying tips.
Sellers – market inventory is low. With proper pricing, those homes are selling fast. You, too, can take advantage of low inventory and buyers looking to invest. Sell now and take advantage of the incredible interest rates offered by mortgage lenders. What is my home worth. Here are a few quick tips for preparing your home for the market.
For your current and the most comprehensive Ann Arbor Area Real Estate market information including absorption rates for Ann Arbor, Chelsea, Dexter and Saline click here. Keep up-to-date on your local neighborhood and have the report sent directly to your email inbox.
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Call the Ann Arbor Real Estate Experts at (734) 426-6669. We are here to help you achieve your Ann Arbor, Chelsea, Dexter, and Saline Real Estate goals.