July Market Reports for Ann Arbor and Washtenaw County

This is the July Market reports for all of Washtenaw County residential home sales. Sellers that are pricing their homes to sell are seeing success. No longer is acceptable to “test the market”. Those sellers that are doing that are sitting. Once again homes priced right and in excellent condition are moving.

My last two listings 8175 Dell Rd and 2554 Traver Blvd both had contracts within 2 weeks. Two totally different properties, one a single family home on 2 ac in Saline and one a condo in Ann Arbor.

The common denominator was the sellers priced right and they were in excellent condition. Both sold within 3% of asking price.

Here are the charts for residential homes, the first is a chart on the Residential List Price, the second one is the Residential Sale Price and the third one is a graph of the 3 year trend.

July 08 Sale PriceThree year trend

July 2008 Sale Prices

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