Housing Market Update Ann Arbor

Housing Market Update Ann Arbor

Housing Market Update Ann Arbor

Matt Durr from Mlive reported this week that the housing market in Washtenaw is on the rise for the first quarter of 2016. While most areas are seeing growth there are a few area’s, Chelsea, Whitmore Lake, and condo’s in Ypsilanti that are seeing a decrease in price and number of sales. You can check out the full Housing Market Update Ann Arbor on Mlive.com HERE. 

What does that mean for buyers and sellers?

In the area’s with increased prices and increased number of transactions it puts us in a Seller’s market. If you live in Ann Arbor and have a home valued under 600,000 now is a great time to sell as there are lot’s of buyers and not enough houses. On the other hand if you are a buyer competition is tuff unless you are looking in the areas that have lower sales.

In a competitive market, buyer’s should take the time to put together a strong offer to be considered or wait until late summer or fall when the housing market in ann arbor typically cools.

Good luck!

Sarah

Leave a Reply

Your email address will not be published. Required fields are marked *