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Recorded Sheriff’s Deeds are down for the 4th straight month in a row in Ann Arbor and throughout the entire Washtenaw County area. The monthly recorded sheriff deeds have dropped compared to last year’s monthly totals showing May 2012 at 68 and May 2011 at 84. January through May of 2011 compared to the same months of 2012 are showing a 27.06% drop in the number of Sheriff Deeds Recorded. For the last lowest May recorded total we would have to go all the way back to 2006 when there were 53 recordings for the month of May. These statistics are very encouraging.
Buyers that are purchasing inventory are still very happy with the Mortgage Interest Rates remaining low. Great market for 1st time home buyers. Why rent when you can buy with interest rates low, many times your mortgage payment will be less than your rental payment. Homeowners know that with a fixed rate mortgage their monthly principal and interest payment will stay the same for the life of the loan.
Sellers – inventory is low right now and, therefore, many more buyers will be taking advantage of new listings that come onto the market. On some listings we are receiving multiple offers. Give us a call today and let us assist you with the necessary tools to get your home sold.
The following report has been provided by Lawrence Kestenbaum, Washtenaw County’s Clerk and Register of Deeds
Kathy Toth and Team www.KathyToth.com Ann Arbor Market Center Keller Williams Realty