November Housing Stats | Ann Arbor, Michigan Area

A little late this month, but here are the stats!

From the Big House Data Executive Summary:

The month of November 2007 has shown that price moves property.  The average list price in November drops, and the closings for November increased.  What also moves property is quality.   As regular readers will know, Big House Data has had a price and quality mantra for a long time.  Price will cause the buyer to come through your property; the outstanding quality of your property will cause them to get “stuck” on your home.  The convergence of price and quality is where your property will sell. Traditionally seen as a slow time in real estate, anecdotally, property and buyers are moving right now.  Buyers in this winter market are motivated, as “no one likes to move in the winter!”

Average List Price – November 2007

Nov07Chart_Page_02

The average list price of residential property (Condos and Homes) in Washtenaw County in November 2007, was $251,258.

Average Sales Price – November 2007

Nov07Chart_Page_03

The average sales price of property in Washtenaw County in November 2007, was $209,721.  That is down over 14% from November 2006.

Number of Listings v. Number of Closings – November 2007

Nov07Chart_Page_06

Their were 654 listings & 226 closings in November 2007.  This represents over 2.75 months of inventory added to the market in November.  For the year, closings are down 9% and listings are down over 24% compared to November of 2006.

One Response to November Housing Stats | Ann Arbor, Michigan Area

Leave a reply

1212 Woodlawn Ct, Wolverine Lake, MI | Lake Community Living
1212 Woodlawn Ct, Wolverine Lake, MI 48390 Search Wolverine Lake Homes » [more]
SOLD | 2001 Marble Ct, Commerce, MI | Expansive Ranch on an Acre
2001 Marble Ct, Commerce, MI Search Commerce Township Homes » MLS: 3258 [more]

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

todd waller | real estate | todd @ toddwaller.com | 734.564.7465

Homes of Ann Arbor

BeforeYouBuyAnnArbor.com

BeforeYouSellAnnArbor.com

©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
Website:
Location: 2655 Plymouth Road Ann Arbor MI 48105
Email:
Phone: 734.564.7465