September is behind us, U of M football is in full swing, and the Tigers are still playing baseball. Here comes the seasonal slowdown in the real estate market. Big House Data provided a new chart for perusal. It shows the number of listings to the number of closings in the last 12 months. Click… Continue Reading
So, just when you thought we couldn’t find another way to graphically show what is happening in the local housing market, my friends at Big House Data have put together a new chart. This chart combines both the monthly number of sales and the monthly number of new listings. Oh, and they throw in 12… Continue Reading
Here are the latest and greatest housing numbers for Washtenaw county from the Ann Arbor Area Board of Realtors. To date, compared to the same time last year: the number of closings are down 10.93% 2,901 the number of listings are up 10.67% to 10,786 the average sales price is down .67% to $263,082… Continue Reading
Well, leave it to the Feds to finally jump on board with reality. This blog has been saying that we are in a slowing market since its inception. I’ve even published stats to show what is happening in the market! The Office of Federal Housing Enterprise Oversight (OFHEO), published their most recent quarterly data (.pdf). … Continue Reading
Dear Seller, I empathize with you. I really do. You bought your current residence with the prospect of making a pretty penny when you went to sell your home. Now, the market is slowing. Oddly, average sales prices are not nose diving as expected, but the days on the market is going through the roof. … Continue Reading
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