February Local Housing Numbers are Here

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.

Number of New Residential and Condominium Listings per Month with 12 month moving average trendline:
# of Listings Chart

Average Days on Market (DOM) for Residential and Condominium Sales with 12 month moving average trendline:

Average Days On Market Chart

Average Number of Months of Inventory for Residential and Condominium Listings with 12 month moving average trendline:

Average Number of Months of Inventory

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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