Prices Up in Ann Arbor, Listings Down

The average price for homes in Ann Arbor

The average listing price for August was $293,937, a 14 percent increase over $257,958 in August 2013. The average selling price is up 13 percent for August at $285,172, compared to $251,943 in August of 2013. Both listing and selling prices are up 7 percent for the first eight months of the year, at $272,361 and $266,151 respectively.

Listings are down

New residential listings were down 3 percent for the month of August at 479, compared to 496 in August 2013. Year-to-date however, residential listings are up 2 percent at 3,863, compared to 3,774 at this time last year. Total listings for all categories are up 3 percent for the year at 5,494 listings compared to 5,351 in August 2013.

August sales and listings

Ann Arbor area houses are still selling AT or ABOVE asking price, call the Missy Caulk TEAM today. 734-926-9797

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