Via Big House Data, here are the most recent housing inventory statistics for Washtenaw County and the Ann Arbor area. And since we love it when local bloggers link to our blog, we’ll reciprocate the link-love!
trekker9er at As I Live and Learn has been detailing their quest to sell and buy a home in the Ann Arbor area. trekker9er has been kind enough to recommend and link to this humble blog, so we thought we would reciprocate and point out that we have new data for you to look at! 🙂
From the BHD Executive Summary:
The value driven real estate market continues on. The convergence of price and quality is where a property sells, and this market is definitively proving just this axiom. Anecdotally, Big House Data clients have reported listing properties on a Friday and then having to field multiple offers on Monday?.and the properties are selling above list price!
Inventories across condos and homes is up, there is no question. Pfizer relocation properties have ?taken the knees? out of some areas with their aggressive, post-buyout pricing. In some cases, 10% lower than a purchase from two years ago. The effect this has on the neighborhood is depressing the property values seemingly instantly. But, Pfizer is doing a great job of selling those homes.
If you are considering buying or selling property in today changing real estate market, give Team366 a call @ 734.476.1343.