Condominium Sales Increase by 27.9%  

New condominium listings saw a significant 12.8% increase along with condominium sales rising by 27.9%.

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Single Family Home Sales Increase by 5.8%

New single family listings increased in May, with a 3.5% rise compared to this time last year. Along with the growth in single family listings, the average listing price improved by 7.4%. The overall sales of single family listings increased by 5.8% compared to 2018 at this time.

New condominium listings saw an 8.7% decrease along with condominium sales falling by 1%. However, the average condominium list price rose 15.9% and sales prices increased 14% compared to that of 2018. During this past May, we saw 99 condominiums sell and a total of 482 residential sales compared to May 2018.

Year-to-date, the total number of new residential listings compared to 2018 rose 1.5% and total residential sales increased by 4.3% compared to May of 2018.

May 2019 Stats Charts

Sales Prices Rise While Inventory Increases

Inventory continued to increase in March, with a 9.7% increase in new single family listings compared to this time last year, and a 25.7% increase in new condominium listings.

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January Housing Market off to a Slow Start

As the bitter cold and drastic weather rolled in, the January 2019 Ann Arbor are housing market froze.

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Higher Sales Prices and Fewer Sales in 2018

Overall, the Ann Arbor area housing market saw higher housing prices in 2018 compared to 2017.

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