Ann Arbor Real Estate Market Update | April 2021

Every month Todd Waller dives deep into the previous month’s real estate market stats and delivers exciting insights into the status of the Ann Arbor area real estate market. Subscribe to the Studio Four8 YouTube channel and never miss an update again!

Ann Arbor Real Estate Market | April 2021

Transcription:

If you are looking for the 2021 update of the Ann Arbor Marketplace this video is for you.

Hey thanks for stopping by, my name is Todd, I’m with Studio Four8 at Berkshire Hathaway HomeServices Snyder and Company Realtors and I got the numbers here for the Ann Arbor Marketplace. Specifically, the city of Ann Arbor, homes that have sold in the month of April 2021. This includes both houses and condos. So let’s get right into those numbers, shall we?

Average Sales Price

The average sales price for a home in April of 2021 was $479,627. That is up 32.48%. If this is the first video you have seen this year talking about real estate numbers, let’s just go back and cover what’s going to happen in the next few months with these percent differences. These percent differences are for the same month, but one year ago. If you remember, about a year ago, we kind of shut everything down while we tried to figure out what to do with his covid-19 pandemic. So a lot of these percent changes are going to be really incredible but that’s compared to very little in the way of inventory and business that happened last year. So while the average sales price is up almost 33% compared to April 2020, kind of not surprised by that. The median sales price is also up, it’s up 18% to $383,500. Again, these are houses and condos inside the city of Ann Arbor. 

Days on Market

Days on market did decrease, it went down to 23 days on Market as an average, that is a 18.63% change downward from where it was last year in April of 2020. The number of properties sold in April of 2021 was up almost 60%, 59.54% to 209 units sold in April 2021 in the city of Ann Arbor.

Sold At/Above List Price

 The last thing, the last little stat I’ve got here, is something relatively new for us at least, percentage of properties in April 2021 that sold at or above the list price. Meaning the sellers accepted an offer that was above what they were asking, or at least asking price. The percentage of Ann Arbor properties that sold at above list price was 44.02%, so 44% of those 209 properties that sold in April 2021 sold at or above list price. 

If you’re a seller or you own property in this Ann Arbor Real Estate Market and you’re thinking about selling in this Marketplace to take advantage of some really great numbers, let’s have a discussion about that. I would love to be your resource and provide that information on what it looks like to potentially bring your property to the market, as well as help you find a place to move to. If you’re moving across town or across the country I can help you out with that one. This is Todd with Studio Four8, we’re here to recreate real estate.

Ann Arbor Real Estate Market Sharable

Ann Arbor Real Estate Market Snapshot
This month’s sharable graphic version of Ann Arbor’s Real Estate Market stats

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