Ann Arbor Real Estate Market Report for December 2012

Here is a peak at the Ann Arbor Real Estate Market Report below.  To request your specific market report go to –  REAL ESTATE MARKET REPORT ANN ARBOR

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A total of 707 contracts have closed in the last 6 months with a median sold price of $247,500. Breaking it down, we notice that the $200,000 – $300,000 price range contains the highest number of sold listings. Alternatively, a total of 76 listings have failed to sell in that same period of time. Listings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time. The $200,000 – $300,000 price range has the highest number of off-market listings at 24 properties.

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