Home Sales Down, Listings UP

Monthly Report from Big House Data

February saw the largest drop in prices in many years in Ann Arbor Area. Compared to March of 2006, Ann Arbor was down 22.5%

The biggest drop was in the condo market, with  a average list price of 183,655 compared froma average list price of 254,004 in March of 2006. The list price for single family homes was really down in February from 241,814  to 198,670.

Is this just an abberation ? Who really knows……….we’ll have to report in April on the home sales in April. But, it was not good news for people needing to sell their homes. The best strategy to sell a home now ( if they can afford to) is to price your home in the top 10 of the lowest price homes in your price range, have it looking spic and span and get the most showings.

My TEAM in Ann Arbor is telling the buyers to pick out their top 10 favorite homes and most of time we find them a home in that first bunch. One of my buyer agents has 7 homes under contract and it is working.

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About missycaulk

As a transplanted Southerner, I have lived and raised five children in the Ann Arbor area for the past 31 years. I know that this is a truly great place to live. My husband Mike (who personally trained our three quarterback sons) and I are deeply rooted in this warm and spirited community, which is a great advantage when it comes to finding your family the right home in the right place at the right price. I get dozens of referrals every year from former clients, many of whom have become friends, because they value not only my professionalism and knowledge of the market, but my honesty and straightforwardness. Purchasing a home is one of the bigger things we do in life. I promise you that the process of doing this, as well as the result, will be enjoyable and rewarding for both of us. In order to server you better, 3 Buyer Specialists work with all our buyers. This blog is about Ann Arbor and the surrounding area's real estate. It is only my opinion.
This entry was posted in Ann Arbor, MI, Market Conditions, Michigan Real Estate, real estate. Bookmark the permalink.

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