Ann Arbor Area Market Data for July 2013

Ann Arbor Area market data for July 2013

The Ann Arbor Area Board of Realtor released their July 2013 market data today.

The local real estate market continues to post positive numbers, according to the Ann Arbor Area Board of Realtors. [Tweet “July residential sales are up 8 percent over last year, with condo sales holding even with July 2012.”] Inventory of listings is growing, with 11 percent more total new listings than last year. Residential listings jumped 14 percent in July over 2012.
Even with the growing inventory, prices continue to rise. The average residential sale price of $263,978 for July is an 11 percent increase over July 2012. Properties are also moving much faster than last year; the days on market dropped from 61 days last July to 36 days in July 2013.  😀
July Ann Arbor Market Data
July Ann Arbor Market Data

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