The News is Out – The Ann Arbor Area Board of REALTORS® has just published the September Market Report. This month, just like last month, we continue to climb upward. The entire Washtenaw County area is showing steady, positive gains in all segments of the real estate market. 2012 Residential Sales are up year-to-date 7.23 %. Condo Sales are up 6.1 % compared to this time last year. Average Sale Price for residential property in September 2012 was $214,059, an increase of 12.5 % over last year and the year-to-date price is up over last year by 9.4 %.
And The News is Good – The Average Days on Market has dropped for residential sales from 76 to 59 days, a decrease of 22.4 %. Homes are selling quickly. Properties are selling faster for more money, many times with multiple offers. With that said, total dollar volume of all sold inventory is up 17.7 % for the year. The market is strong and expected to continue through the end of 2012.
But there is one item that needs improvement. Listing inventory is down 20% from last year at this time. This is the most opportune time to list your home which has just been validated by all the positive news just mentioned above. Do not sit back and wonder if your home will sell; find out what your home is worth.
Unemployment is down to 5 percent too.
Sellers – Buyers are ready, willing and able to make their next home purchase. Some are just waiting for the right house and that could be yours. Many buyers are already approved by their mortgage lender and looking to lock in on those fantastic interest rates. Put your home on the market today. Click the Ann Arbor Area Board of REALTORS MLS Sales Report below to analyze all the good news and to view a larger image.
The “Monthly Housing Statistics” published each month by the Ann Arbor Area Board of REALTORS® represent the housing activity of the Multiple Listing Service and not necessarily all the housing activity that has occurred in Washtenaw County. Days on market (DOM) figures are indicated only for that particular current listing. If the property was taken off the market and then re-listed, the count starts over and would not necessarily reflect the total days the property has been available for purchase since it was first made available.
To get reliable information pertaining to the Sale of your home, call the professionals at Kathy Toth & Team, Keller Williams Realty Ann Arbor Market Center 734.669.0337.
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