What is happening in Saline, Michigan Real Estate?

Sunday, July 26, 2009

by Ann Arbor Real Estate Experts

What is happening with the absorption rates for the Saline Real Estate market? Homes in Saline have gone from about 10 months of supply in January to 12 months in June. If no other Saline residential homes were put on the market, it would take one year to sell these homes.

	JAN	FEB	MAR	APRIL	MAY	JUNE
		Saline		SALINE
Listings	243	192	237	258	294	257
Under Contract	14	21	22	14	16	35
Sales Past 12 Months	290	213	194	189	342	238
Absorption Rate	24.17	17.75	16.17	15.75	28.50	19.8
Months Supply	10.06	10.82	14.66	16.38	10.32	12.96

Saline Real Estate Market Data from 2006 to 2009 is graphed below:

: Saline Homes for sale graphed 2006-2009

Note the downward trend of Average Sale and Asking Prices in yellow and green respectively. See how the units sold have remained flat. The number of new listings have declined slightly, but the number of sold Saline homes are slightly higher on average.

Click here to find out more about Saline and to search for homes in Saline. We are selling homes and in fact some of our listings are getting multiple offers. Our home on in Saline Ridge - 9116 Meadow View, a short sale, just closed. We also got an offer on 9100 Schellenberger , also in Saline Schools. Call the Ann Arbor Real Estate Experts if you are thinking of moving.