Ann Arbor Area Board of REALTORS Real Estate Market Sales are Up

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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.

Find out more from the Ann Arbor Experts!  Search for homes in the Ann Arbor Area.

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Prices Up 9 Percent According to the Ann Arbor Area Board of REALTORS

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Ann Arbor and the surrounding Washtenaw County, Michigan area is still reporting impressive price increases in residential home prices heading into Fall.  The Ann Arbor real estate market  has held up with positive improvements in pricing and number of units sold.  This great news is expected to continue as interest rates continue to stay low which helps to keep those properties selling.   With such a low volume of listings available for sale, properties are selling quickly and with multiple offers in some instances.  This is truly stabilizing the market and making a swing to a Sellers Market.  Sellers – It is Time To List!

The following “August Monthly Housing Statistics” are published with activity from the Ann Arbor Board of REALTORS Multiple Listing Service keeping in mind that these stats do not contain all the housing activity that has occurred in the Washtenaw County area.  Here are some stats from the August Report.

  • August sales of residential properties are up 15 percent over August of last year, 7.4 percent for 2012 year-to-date, compared to 2011.
  • Inventory is still lagging, with the total number of listings down 7 percent from last year. Less inventory drives prices up, due to the higher demand for less supply.
  • The average residential sale price in August 2012 was $220,738, up 8.7 percent from the average sale price of last August which was $203,061.
  • Year to date median home prices are up 9 percent from $159,000 to $174,000.
  • Days on market have dropped to 61 days, compared to 82 days in August of 2011. When you look at the Days on market (DOM) numbers – they do not reflect cumulative  days on market.

When you need expert real estate advice, contact the Kathy Toth and Team REALTORS at 734.669.0337.

To search for homes in Dexter and the surrounding Ann Arbor Market area go to HomeSearchAnnArbor.com

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www.KathyToth.com Keller Williams Realty

Real Estate Market Improves; Reports for July 2012

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What did your neighbors house sell for?  Check out National and Ann Arbor Real Estate market video.

We report the Ann Arbor Area Real Estate market in detail so our clients make informed decisions.

The Ann Arbor real estate market in Michigan is up in all brackets according the the Michigan Association of REALTORS Residential Sales Stats reported by all local boards across the state.  Ann Arbor shows improvement in comparing July 2012 to July 2011 stats with the number of Sales up 6.65% and the Average Price is up 11.81%. The Year-to-Date category is also improved showing the July number of sales increased 6.64% year-to-date over last year and the July Average YTD Price increased over last year by 8.24%.

Below is the full Michigan Association of REALTORS report – Click report below to see larger image.

Michigan Association of REALTORS July 2012 Report

Want to see details for Days On Market (DOM) for homes in Dexter, Chelsea, Saline or Ann Arbor: get your free copy?