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.

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

Ypsilanti Township (Lincoln Schools) Real Estate Market Update | August 2022

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

Ypsilanti Township’s Real Estate Market

We are starting to see a shift in the Ypsilanti Township Real Estate market, while some of the statistic we track are reflecting that shift, others are taking time to catch up.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ypsilanti Township in the month of August 2022, was $321,980. Compared to August of 2021, this is up 7.46%. Median sales price rose 9.02% to $326,950, when comparing August 2021 to August 2022. So the shift in the market is not being reflected in sales price yet.

Days on Market

Properties sold in August of 2022 were on market for an average of 16 days. This is up 54.76% from August 2021.

Properties Sold At or Above List Price

August of 2022 saw a 17.07% decrease in the number of properties sold, compared to August of 2021, with a total of 34 properties receiving new owners. This is where we are beginning to see a shift in the market.

The percentage of properties each month that sell at or above list price is a metric is to gauge the supply/demand inequity in the Ypsilanti township market. In August of 2022, 76.47% of the properties sold at or above list price. So out of the 34 properties receiving new owners, 26 of them sold at or above list price.

What to do With This Information?

If you own a place in Ypsilanti Township, or are thinking of purchasing in Ypsilanti Township, Studio Four8 is here to help you navigate the current market, regardless of the conditions. Though the market is shifting, conditions are still good to sell your home and we can help you!

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

Ypsilanti Township (Lincoln Schools) Real Estate Market Update | July 2022

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

Ypsilanti Township’s Real Estate Market

We are starting to see a shift in the Ypsilanti Township Real Estate market, while some of the statistic we track are reflecting that shift, others are taking time to catch up.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ypsilanti Township in the month of July 2022, was $334,477. Compared to July of 2021, this is up 8.8%. Median sales price rose 19.97% to $336,250, when comparing July 2021 to July 2022. So the shift in the market is not being reflected in sales price yet.

Days on Market

Properties sold in July of 2022 were on market for an average of 9 days. This is down 5.99% from July 2021. This is reflecting the inventory levels, which are remaining low.

Properties Sold At or Above List Price

July of 2022 saw a 18.75 decrease in the number of properties sold, compared to July of 2021, with a total of 39 properties receiving new owners. This is where we are beginning to see a shift in the market.

The percentage of properties each month that sell at or above list price is a metric is to gauge the supply/demand inequity in the Ypsilanti township market. In July of 2022, 82.05% of the properties sold at or above list price. So out of the 39 properties receiving new owners, 32 of them sold at or above list price.

What to do With This Information?

If you own a place in Ypsilanti Township, or are thinking of purchasing in Ypsilanti Township, Studio Four8 is here to help you navigate the current market, regardless of the conditions. Though the market is shifting, conditions are still good to sell your home and we can help you!

Ypsilanti Township (Lincoln Schools) Real Estate Market Update | May 2022

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

Ypsilanti Township’s Real Estate Market

The 2022 Ypsilanti Township’s real estate market continues to be a strong seller’s market, with low inventory levels, strong price appreciation, and many over list price sales occurring.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ypsilanti Township in the month of May 2022, was $340,100. Compared to May of 2021, this is up 16.91%. Median sales price rose 21.65% to $354,000, when comparing May 2021 to May 2022.

Days on Market

Properties sold in May of 2022 were on market for an average of 12 days. This is up 46.72% from May 2021.

Properties Sold At or Above List Price

May of 2022 saw a 7.89% increase in the number of properties sold, compared to May of 2021, with a total of 41 properties receiving new owners.

The percentage of properties each month that sell at or above list price is a metric is to gauge the supply/demand inequity in the Ypsilanti township market. In May of 2022, 97.56% of the properties sold at or above list price. So out of the 41 properties receiving new owners, 40 of them sold at or above list price.

When over 90% 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. This is the highest percentage among the Washtenaw county municipalities that we track.

What to do With This Information?

If you own a place in Ypsilanti Township, or are thinking of purchasing in Ypsilanti Township, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor 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. 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.

Ypsilanti Township (Lincoln Schools) Real Estate Market Update | May 2022

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

Ypsilanti Township’s Real Estate Market

The 2022 Ypsilanti Township’s real estate market continues to be a strong seller’s market, with low inventory levels, strong price appreciation, and many over list price sales occurring.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ypsilanti Township in the month of May 2022, was $340,100. Compared to May of 2021, this is up 16.91%. Median sales price rose 21.65% to $354,000, when comparing May 2021 to May 2022.

Days on Market

Properties sold in May of 2022 were on market for an average of 12 days. This is up 46.72% from May 2021.

Properties Sold At or Above List Price

May of 2022 saw a 7.89% increase in the number of properties sold, compared to May of 2021, with a total of 41 properties receiving new owners.

The percentage of properties each month that sell at or above list price is a metric is to gauge the supply/demand inequity in the Ypsilanti township market. In May of 2022, 97.56% of the properties sold at or above list price. So out of the 41 properties receiving new owners, 40 of them sold at or above list price.

When over 90% 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. This is the highest percentage among the Washtenaw county municipalities that we track.

What to do With This Information?

If you own a place in Ypsilanti Township, or are thinking of purchasing in Ypsilanti Township, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor 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. 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.

Ypsilanti Township (Lincoln Schools) Real Estate Market Update | April 2022

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

Ypsilanti Township’s Real Estate Market

The 2022 Ypsilanti Township’s real estate market continues to be a strong seller’s market, with low inventory levels, strong price appreciation, and many over list price sales occurring.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ypsilanti Township in the month of April 2022, was $346,269. Compared to April of 2021, this is up 17.62%. Median sales price rose 17.23% to $330,000, when comparing April 2021 to April 2022.

Days on Market

Properties sold in April of 2022 were on market for an average of 44 days. This is up 288% from April 2021.

Properties Sold At or Above List Price

April of 2022 saw a 26.47% decrease in the number of properties sold, compared to April of 2021, with a total of 25 properties receiving new owners.

The percentage of properties each month that sell at or above list price is a metric is to gauge the supply/demand inequity in the Ypsilanti township market. In April of 2022, 84% of the properties sold at or above list price. So out of the 25 properties receiving new owners, 21 of them sold at or above list price.

When over 80% 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. This is the highest percentage among the Washtenaw county municipalities that we track.

What to do With This Information?

If you own a place in Ypsilanti Township, or are thinking of purchasing in Ypsilanti Township, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor 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. 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.

Ypsilanti Township (Lincoln Schools) Real Estate Market Update | March 2022

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

Ypsilanti Township’s Real Estate Market

The 2022 Ypsilanti Township’s real estate market continues to be a strong seller’s market, with low inventory levels, strong price appreciation, and many over list price sales occurring.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ypsilanti Township in the month of March 2022, was $315,630. Compared to March of 2021, this is up 12.83%. Median sales price rose 21.32% to $330,000, when comparing March 2021 to March 2022.

Days on Market

Properties sold in March of 2022 were on market for an average of 5 days. This is down 56.08% from March 2021.

Properties Sold At or Above List Price

March of 2022 saw a 32.26% decrease in the number of properties sold, compared to March of 2021, with a total of 21 properties receiving new owners.

The percentage of properties each month that sell at or above list price is a metric is to gauge the supply/demand inequity in the Ypsilanti township market. In March of 2022, 85.71% of the properties sold at or above list price. So out of the 21 properties receiving new owners, 18 of them sold at or above list price.

When over 80% 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. This is the highest percentage among the Washtenaw county municipalities that we track.

What to do With This Information?

If you own a place in Ypsilanti Township, or are thinking of purchasing in Ypsilanti Township, Studio Four8 is here to help you navigate the current market, regardless of the conditions. The current market conditions favor 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. 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.

Ypsilanti Township 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