Pfizer Homes Hit the Market

Lisiting are up and sales are down in Ann Arbor, Mi. Most of the home sellers are feeling the brunt of the huge inventory.

Average list price in April was 260,708. That is down 5.5% from April 2006. The overall average is also down by 9% from Jan 1 2006 to Jan 1,2007.

There was 4.7 months of inventory added to the market in Washtenaw County. For instance, a home purchased in 2005 was bought for 439,900. It hit the market a few weeks ago at 429,900. Two weeks later it was reduced to 355,000.

You can continue reading the entire report here.

Market data is taken from the Ann Arbor Board of Realtors and compiled by Big House Data, located in Ann Arbor, MI

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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.
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