Ann Arbor Area Real Estate Statistics – June 2008

2008 is officially half done!  The Fourth of July is behind us, the Olympics are just around the corner and we are all anxious to learn about the housing market thus far in Washtenaw County.  The Short story:  Sales Prices Down, number of Closings Up, number of New Listings Down, and Overall Volume of closings is Up.

From the Big House Data Executive Summary:

The Washtenaw County Housing Market is showing signs of health. The first half of 2008 is officially over and the numbers aren’t bad! The number of closings for 2008 year to date are up, compared to the first half of 2007. The number of listings are down, compared to the first half of 2007. This is a great indicator that purchasers are seeing value in the market and are depleting the inventory of available homes. Also encouraging is that the year to date closed volume is up, compared to the first half of 2007.

The mantra continues for sellers: price your property LOWER than the most recent comparable sale, and make your property gorgeous. BHD has heard of deals where there were multiple offers, and offers over list price!

For buyers: get your pre-qualification prior to hitting the streets. Get your financial house in order and be ready to move quickly when the perfect property comes on the market. You are not the only ones who see this as a great time to purchase a home.

On to the Stats!

Average List Price – June 2008


June 2008 Average List Price - Ann Arbor Area Real Estate The overall average list price in June was $245,794, down over 4% compared to June 2007.  Year to date, the average list price is down over 6%, compared to the first six months of 2007

Average Sales Price – June 2008


June 2008 Average Sales Price - Ann Arbor Area Real Estate

May saw an average sales price of $195,886, down nearly 16% from June 2007.  Compared to the same time frame last year, the average sales price is down nearly 11.5%.

Number of Listings v Closings – June 2008



410 closings in June 2008, up nearly 4% compared to June 2007. Year to date, compared to the same timeframe in 2007, the number of closings is up nearly 17.5%.

With 939 new listings in June 2008, that represents a nearly 27% drop over June 2007. For the year, listings are down nearly 31%.

Give Team366 a call to learn more about our Listing Syndication System (LSS).  Our LSS generates scads of Google indexed links about your property.  In most cases we generate between 450 and 1,000 links.  There is nothing more crucial to the sale of your Ann Arbor Area Home than an excellent market system!

Call us at 734.476.1343 or drop us an email at: info-at-team366-dot-com.

Leave a reply

2510 Banyan Ct, Ann Arbor, MI | New Construction
2510 Banyan Ct, Ann Arbor, MI 48103   Search Ann Arbor Homes » MLS: 3262670   [more]
18417 Westchester, Livonia, MI | Caliburn Estates Stunner
18417 Westchester Dr, Livonia, MI | Caliburn Estates Stunner | 4 Bedroom, 3.1 Bath, 2,716 sf, finish [more]
1212 Woodlawn Ct, Wolverine Lake, MI | Lake Community Living
1212 Woodlawn Ct, Wolverine Lake, MI 48390 Search Wolverine Lake Homes » [more]

Todd Waller | Ann Arbor Real Estate | Berkshire Hathaway HomeServices Snyder & Company, Realtors

todd waller | real estate | todd @ | 734.564.7465

Homes of Ann Arbor

©2018 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity.

copyright ©2018 | todd waller | sitemap | privacy policy

Todd Waller Real Estate
Local Business: Todd Waller
Description: Todd Waller, a self described "destroyer of the real estate fortress of suckitude," focuses on helping sellers and buyers in Ann Arbor, Canton, Livonia, Northville, Novi, South Lyon, Plymouth, and Ypsilanti
Location: 2655 Plymouth Road Ann Arbor MI 48105
Phone: 734.564.7465