Dexter, Michigan Real Estate Market Update | October 2022

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

Dexter’s Real Estate Market

The real estate market in Dexter is under going some changes. In this shifting market, some of the real estate statistic are starting reflect these changes.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Dexter in the month of October 2022, was $474,670. Compared to October of 2021, this is down 5.68%. The median sales price also saw a decrease in October. Median sales price fell 5.98% to $423,000, when comparing October 2021 to October 2022.

Days on Market

Properties sold in October of 2022 were on market for an average of 44 days. This is down 3.36% from October 2021.

Properties Sold At or Above List Price

October of 2022 saw 21 homes receiving new owners, which has decreased 40% as October of 2021.

The percentage of properties each month that sell at or above list price is a metric to gauge the supply/demand inequity in the Dexter market. In October of 2022, 52.38% of the properties sold at or above list price.

What to do With This Information?

If you own a place in Dexter, or are thinking of purchasing in Dexter, Studio Four8 is here to help you navigate the shifting market, regardless of the conditions.

Ann Arbor Michigan Real Estate Market Update | October 2022

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

Ann Arbor Michigan Real Estate Market

The market is shifting, and while it will take some time for the numbers to catch up, some things are becoming apparent. These October 2022 stats are compared to the previous year’s October 2021 statistics.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ann Arbor in the month of October 2022, was $486,157, this is up 13.78% compared to October 2021 .The median sales price for Ann Arbor is $420,000 which is up 9.06%.

Days on Market

Properties sold in October of 2022 were on market for an average of 35 days. This is up 27.32% from October 2021.

Properties Sold At or Above List Price

October of 2022 saw a 23.95% decrease in the number of properties sold, compared to October of 2021, with a total of 127 properties receiving new owners.

In October of 2022, 35.43% of the properties sold at or above list price; so that means of the 127 homes sold, 45 sold at or above listing price.

What to do With This Information?

If you are a home owner in Ann Arbor, and would like some guidance in this shifting market, we are happy to help!

Maybe you are looking to pull some equity from your home, we can be your real estate resource.

If you are looking to purchase in Ann Arbor, we have years of experience within the city of Ann Arbor, and will happy to help you find your new home in the city we all love.

Dexter, Michigan Real Estate Market Update | September 2022

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

Dexter’s Real Estate Market

The real estate market in Dexter is under going some changes. In this shifting market, some of the real estate statistic are starting reflect these changes.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Dexter in the month of September 2022, was $509,735. Compared to September of 2021, this is up 22.88%. The median sales price also saw a jump in September. Median sales price rose 31.95% to $477,000, when comparing September 2021 to September 2022.

Days on Market

Properties sold in September of 2022 were on market for an average of 36 days. This is up 55.11% from September 2021.

Properties Sold At or Above List Price

September of 2022 saw 36 homes receiving new owners, which has increased 29.17% as September of 2021.

The percentage of properties each month that sell at or above list price is a metric to gauge the supply/demand inequity in the Dexter market. In September of 2022, 54.84% of the properties sold at or above list price. This is up 30.8%.

What to do With This Information?

If you own a place in Dexter, or are thinking of purchasing in Dexter, Studio Four8 is here to help you navigate the shifting market, regardless of the conditions.

Dexter Real Estate Market Snapshot Shareable Graphic

Ann Arbor Michigan Real Estate Market Update | September 2022

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

Ann Arbor Michigan Real Estate Market

The market is shifting, and while it will take some time for the numbers to catch up, some things are becoming apparent. These September 2022 stats are compared to the previous year’s September 2021 statistics.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ann Arbor in the month of September 2022, was $485,883, this is up 7.26% compared to September 2021 .The median sales price for Ann Arbor is $398,500 which is up 1.4%.

Days on Market

Properties sold in September of 2022 were on market for an average of 22 days. This is up 5.62% from September 2021.

Properties Sold At or Above List Price

September of 2022 saw a 25.63% decrease in the number of properties sold, compared to September of 2021, with a total of 148 properties receiving new owners.

In September of 2022, 53.38% of the properties sold at or above list price; so that means of the 148 homes sold, 79 sold at or above listing price.

What to do With This Information?

If you are a home owner in Ann Arbor, and would like some guidance in this shifting market, we are happy to help!

Maybe you are looking to pull some equity from your home, we can be your real estate resource.

If you are looking to purchase in Ann Arbor, we have years of experience within the city of Ann Arbor, and will happy to help you find your new home in the city we all love.

Ann Arbor Michigan Real Estate Market Snapshot Shareable Graphic

Saline Michigan Real Estate Market Update | August 2022

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

Saline Michigan Real Estate Market

The August 2022 Saline real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These August 2022 stats are compared to the previous year’s August 2021 statistics.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Saline in the month of August 2022, was $488,355. Compared to August of 2021, this is up 16.58%. The median sales price also saw a jump in August. Median sales price rose 37.76% to $510,000, when comparing August 2021 to August 2022.

Days on Market

Properties sold in August of 2022 were on market for an average of 18 days. This is down 66.85% from August of 2021. Todd credits new construction properties being closed last year versus this year for this significant fall off.

Properties Sold At or Above List Price

August of 2022 saw a 40.68% decrease in the number of properties sold, compared to August of 2021, with a total of 35 properties receiving new owners.

The percentage of properties each month that sell at or above list price is a metric to gauge the supply/demand inequity in the Saline market. In August of 2022, 57.14% of the properties sold at or above list price

What to do With This Information?

If you own a place in Saline, or are thinking of purchasing in Saline, Studio Four8 is here to help you navigate the current market, regardless of the conditions. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

Dexter, Michigan Real Estate Market Update | August 2022

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

Dexter’s Real Estate Market

The real estate market in Dexter is under going some changes. In this shifting market, some of the real estate statistic are starting reflect these changes.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Dexter in the month of August 2022, was $523,892. Compared to August of 2021, this is up 9.06%. The median sales price also saw a jump in August . Median sales price rose 2.86% to $450,000, when comparing August 2021 to August 2022.

Days on Market

Properties sold in August of 2022 were on market for an average of 16 days. This is down 37.78% from August 2021.

Properties Sold At or Above List Price

August of 2022 saw 28 homes receiving new owners, which has fallen 26.32% as August of 2021.

The percentage of properties each month that sell at or above list price is a metric to gauge the supply/demand inequity in the Dexter market. In August of 2022, 64.29% of the properties sold at or above list price. This is down 28%.

What to do With This Information?

If you own a place in Dexter, or are thinking of purchasing in Dexter, Studio Four8 is here to help you navigate the shifting market, regardless of the conditions.

Dexter Real Estate Market Snapshot Shareable Graphic

Ann Arbor Michigan Real Estate Market Update | August 2022

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

Ann Arbor Michigan Real Estate Market

The market is shifting, and while it will take some time for the numbers to catch up, some things are becoming apparent. These August 2022 stats are compared to the previous year’s August 2021 statistics.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ann Arbor in the month of August 2022, was $512,880, this is up 19.27% compared to August 2021 .The median sales price for Ann Arbor is $439,950 which is up 24.65%.

Days on Market

Properties sold in August of 2022 were on market for an average of 18 days. This is down 19.45% from August 2021.

Properties Sold At or Above List Price

August of 2022 saw a 3.19% increase in the number of properties sold, compared to August of 2021, with a total of 194 properties receiving new owners.

In August of 2022, 61.34% of the properties sold at or above list price; so that means of the 194 homes sold, 119 sold at or above listing price.

What to do With This Information?

If you are a home owner in Ann Arbor, and would like some guidance in this shifting market, we are happy to help!

Maybe you are looking to pull some equity from your home, we can be your real estate resource.

If you are looking to purchase in Ann Arbor, we have years of experience within the city of Ann Arbor, and will happy to help you find your new home in the city we all love.

Ann Arbor Michigan Real Estate Market Snapshot Shareable Graphic

Dexter, Michigan Real Estate Market Update | July 2022

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

Dexter’s Real Estate Market

The real estate market in Dexter is under going some changes. In this shifting market, some of the real estate statistic are starting reflect these changes.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Dexter in the month of July 2022, was $477,769. Compared to July of 2021, this is up 10.55%. The median sales price also saw a jump in July . Median sales price rose 1.81% to $422,500, when comparing July 2021 to July 2022.

Days on Market

Properties sold in July of 2022 were on market for an average of 15 days. This is down 35.65% from July 2021. This speaks to a low inventory is still having an influence despite the shifting market.

Properties Sold At or Above List Price

July of 2022 saw 38 homes receiving new owners, which has fallen 15.56% as July of 2021. This is where we are seeing the numbers reflecting the shift in the market, with the decrease in the demand.

The percentage of properties each month that sell at or above list price is a metric to gauge the supply/demand inequity in the Dexter market. In July of 2022, 78.95% of the properties sold at or above list price. This is down 6.3%.

What to do With This Information?

If you own a place in Dexter, or are thinking of purchasing in Dexter, Studio Four8 is here to help you navigate the shifting market, regardless of the conditions.

Dexter Real Estate Market Snapshot Shareable Graphic

Ann Arbor Michigan Real Estate Market Update | July 2022

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

Ann Arbor Michigan Real Estate Market

The market is shifting, and while it will take some time for the numbers to catch up, some things are becoming apparent. These July 2022 stats are compared to the previous year’s July 2021 statistics.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ann Arbor in the month of July 2022, was $516,612, this is up 13.34% compared to July 2021 .The median sales price for Ann Arbor is $430,000 which is up 4.37%.

Days on Market

Properties sold in July of 2022 were on market for an average of 13 days. This is down 18.36% from July 2021. This reflects the low inventory we are seeing in the market, we need more than two weeks on average for our market to get back to a healthy place.

Properties Sold At or Above List Price

July of 2022 saw a 6.28% decrease in the number of properties sold, compared to July of 2021, with a total of 209 properties receiving new owners. Not a huge number, but significant enough to call attention to.

In July of 2022, 69.38% of the properties sold at or above list price; so that means of the 209 homes sold, 145 sold at or above listing price.

What to do With This Information?

If you are a home owner in Ann Arbor, and would like some guidance in this shifting market, we are happy to help!

Maybe you are looking to pull some equity from your home, we can be your real estate resource.

If you are looking to purchase in Ann Arbor, we have years of experience within the city of Ann Arbor, and will happy to help you find your new home in the city we all love.

Ann Arbor Michigan Real Estate Market Snapshot Shareable Graphic

Ann Arbor Michigan Real Estate Market Update | May 2022

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

Ann Arbor Michigan Real Estate Market

The 2022 Ann Arbor real estate market continues to be a strong sellers market, with low inventory levels, strong price appreciation, and many over list price sales occurring. These May 2022 stats are compared to the previous year’s May 2021 statistics.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ann Arbor in the month of May 2022, was $516,732, this is up 11.46% compared to May 2021 .The median sales price for Ann Arbor is $457,135 which is up 8.58%.

Days on Market

Properties sold in May of 2022 were on market for an average of 14 days. This is down 35.23% from May 2021.

Properties Sold At or Above List Price

May of 2022 saw a 13.53% increase in the number of properties sold, compared to May of 2021, with a total of 235 properties receiving new owners.

In May of 2022, 81.7% of the properties sold at or above list price; so that means of the 235 homes sold, 192 sold at or above listing price. This metric is another way to gauge the supply/demand inequity in the Ann Arbor market.

When well over half of all home sales are at or above list price, you can be sure that there is fierce competition among buyers for the limited stock of inventory that is coming to market.

What to do With This Information?

If you own a place in Ann Arbor, or are thinking of purchasing in Ann Arbor, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor Ann Arbor sellers. This is evident by the short days on market, and the percentage of properties selling at and above list price. So, for sellers, this is a great time to be selling. Reach out to a Studio Four8 agent and learn how we maximize the market conditions for your specific home selling scenario.

For purchasers, this is a challenging market, to be sure. Given that this is Ann Arbor, though, demand will always run higher than other communities around South East Michigan. Chat with an agent at the Studio and learn how your offer will be considered by a seller, and how we can shorten your time looking for a property.

Ann Arbor Michigan Real Estate Market Snapshot Shareable Graphic