Where oh Where is the Ann Arbor Real Estate Market Headed?

The Ann Arbor Real Estate market bottomed last year ad this chart from Affinity shows a two year trend below.

The two year trend rose about $1 per square foot.  Not very robust you say, but up never the less.  The average sold price per square foot is $141 for August 2011.  Usually the cyclical trend will show a decline as posted here.  Inventory continues to decrease for the overall Ann Arbor school district real estate market.  The months supply of homes for the entire Ann Arbor real estate market is still considered a buyer’s market at 7.6 months supply, and is coming closer to a balanced market.  Anything over 6 months supply is a buyers market.

Want to know what your neighborhood is valued at?