Ann Arbor Homes Inventory Report – Q4 2008
Here’s a quick 2:30 minute video presentation on the residential inventory of Ann Arbor Homes for Sale. The full report for Condos, and other areas of Washtenaw County is available from our Stats page there to the right.
If you are interested in more in-depth Ann Arbor Real Estate statistics, give Todd a twitter.
[Heads up: my mic “peaked” on me at the beginning of this preso…see, getting better all the time!]
Is Ann Arbor seeing a change due to the lower interest rates and lower prices. I have found areas of the country that have drop in price significantly have pick up in volume. In the lower ranges, it seems that the market is not over listed in Ann Arbor. What do you think will be the affect of all the fed’s money coming into mortgage securities?
Richard,
Thanks for the comment. Frankly, we’re seeing the lower prices impacting the housing market more than anything else. Ann Arbor is an island in the SE Michigan housing market due to the University of Michigan; the U of M creates a background level of housing turnover that automatically keeps prices higher than surrounding communities.
Fed money to the mortgage securities market: Supposedly it was to have made the mortgage markets more liquid. Trouble with that statement is that I have yet to have a buyer denied the ability to finance their home purchase. If the markets were that illiquid, then I would have had issues getting buyers closed. No, the folks that are qualified, have the credit history and the income can still get financed, heck, they always could.