Man and woman shaking hands by for sale sign
After such encouraging news from NAR on the national housing pictures and the general picture for the midwest there is now even more great news for the Ann Arbor Real Estate market. In fact, the news is better than great - its fantastic! November real estate sales in Washtenaw County topped 2008 monthly totals for both homes and condos, according to data released this morning by the Ann Arbor Area Board of Realtors. Condo sales jumped from 25 units in 2008 to 65 this year; and home sales climbed from 202 units to 268 this month. Year-to-date totals for condo sales now top 2008 levels by about 4 percent, while home sales for the year are 56 units shy of the 2008 total through November: 2,860. Also, sales for November 2009 are higher than November 2007 211 homes and 41 condos were sold. Also, home sales for the year to date figures are only down 56! Dollar volume is down, naturally due to the decline in prices - which was not helped by the level of foreclosures. In November 2007, the average sale price was $245,359, while this year's average sale price was $176,543. Inventory continues to shrink which is another great sign - 346 came onto the market in November, bringing the year-to-date total to 6,399 - compared to 10,691 in 2007. The highest sales in November 2009 were in Ann Arbor: 84 homes sold for an average sale price of $280,491, compared to 48 homes in 2008 for an average sale price of $263,621. Also sales in Ypsilanti grew in 2009, with 24 homes selling in November - compared to 7 in 2008. The average sale price climbed to $88,718 from $77,375. So in short - now is the time to act if you want a home in Ann Arbor for the new year! Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs. Find out what your Ann Arbor Area Home is Worth Search all listings in Michigan with pictures and tours...Free! Your Home Sold Guaranteed Kathy Toth & Team: Ann Arbor Area Real Estate Experts www.KathyToth.com Ann Arbor Market Center Keller Williams Realty