Businessman in dry lake bed leaning on 'for sale' sign
According to figures released by MLS Realcomp II Ltd. the number of residential real estate units sold in foreclosure and non-foreclosure in Oakland, Wayne, Macomb and Livingston counties in 2009 showed a combined increase of 19.3 percent to 55,100 in 2009 compared to 46,200 in 2008 with the median price for non-foreclosure sales showed a strong increase toward the end of the year. With the city of Detroit showing a 32% year over year increase in prices. Of course, what happens in the Detroit Real Estate market has a knock on effect for the region and its neighbors - including Ann Arbor, so this is great news! Nationwide, according to the National Association of Realtors the latest figures show 2009’s figures were way above 2008; In 2009 there were 5,156,000 existing-home sales, which was 4.9 percent higher than the 4,913,000 in 2008 – the first rise since 2005. This was coupled with great news that there has been an increase in overall prices! The national median existing-home price for all housing types was $178,300 in December, which is 1.5% higher than December 2008! Overall existing home sales in the midwest were up 8.5% in Dec 09 over Dec 08 and inventory nationwide has fallen again! 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