Hot off the Excel SS presses, here are some statistics to look over. These stats are compiled from the Ann Arbor Area Board of Realtors monthly statistics reports. If you would like to see more monthly stats from them, click here.
The upshot of the numbers is that it is what we have come to expect: increased inventory, stable pricing, and enough inventory to call this a buyer’s market. The number of homes for sale (listings) is up dramatically. As is the average Days on Market. The numbers from the AAABOR also reveal that Year-to-Date over last year, the sales volume is up nearly 3% and the average sale price is nearly the same at $257,316 versus $259,012 for 2005.
Below the Fold: Charting Goodness
Click the charts for larger views.
Average Days on Market (DOM) for Residential and Condominium Sales with 12 month moving average trendline:
Average Number of Months of Inventory for Residential and Condominium Listings with 12 month moving average trendline: