Ann Arbor Average Sales Price Climbs

It’s good to be in Ann Arbor…, amazing football and a robust real estate market!
Driven by continued affordability and low mortgage rates, residential real estate activity
remains strong in the Ann Arbor area. There were 322 residential units sold in August, up
23 percent over last year. Sales of condos jumped 46 percent, from 65 in August of 2010 to
95 in August of 2011.
Sales of all property types are up 27 percent compared to August of 2010. Year-to-date
sales are on pace to match or exceed 2010 numbers which were strongly influenced by the
federal tax stimulus. The year-to-date average sales price continues to climb, showing 4.2
percent growth over last year.08-2011stats