Ann Arbor houses are selling AT asking price or above
I have been closely following the SOLD homes in Ann Arbor the last week. It is cold, snowy and most of the subdivisions are not plowed. But, the market in Ann Arbor is HOT.
Here are two screen shots taken from the Ann Arbor area MLS, one on Friday and again today. These are SOLD homes.
[Tweet “What does this mean if you are a Ann Arbor area home buyer?”]
- If you find a home you love and want to move into expect to pay full price.
- If you aren’t willing to pay full price then don’t make an offer.
- If you are in a competing bid situation then expect to pay over asking price.
We began 2013 with really low on inventory and although the inventory increased somewhat in 2014; it is not a buyers market anymore. When you look at the graphs note that there are sold homes in different area’s surrounding Ann Arbor and they also sold AT asking price.
Get ready by speaking to a lender and have the Pre-Approval in hand when you write the offer.
Contact a Savvy agent to begin your Ann Arbor area home search today.734-926-9797