Average Sales Price Up in Ann Arbor Area Real Estate

Ann Arbor Area Board of REALTORS Market Report is showing signs of strong improvement in the sale of Vacant Land.  As you can see in the chart below 2012 year-to-date totals for Vacant Land Sales have more than Doubledcompared to year-to-date totals in 2011. Excellent news for builders as we look for new construction to emerge.

For residential homes,  average sale price this year to date compared to last year is up .08 percent and

average sales price this month 2012 compared to this month in 2011 is up .2.28percent.

Another great indicator that the real estate market is stabilizing and showing signs of improvement is that the average sales price is up 23.6 %.  The increase in average sale price is do in part to low inventory.  Buyers are moving quickly to secure their new homes.  Excellent time to list your home as buyers are really on the move.


To view the entire Ann Arbor Board of REALTORS April report see below.

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Kathy Toth and Team www.KathyToth.com Ann Arbor Market Center Keller Williams Realty