Ypsilanti Township Real Estate Market Update | December 2021

Every month Todd Waller dives deep into the previous month’s Ypsilanti Township, 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 2021 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. These December 2021 stats are compared to the previous year’s December 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ypsilanti Township in the month of December 2021, was $301,411. Compared to December of 2020, this is down 29.96%. Median sales price rose 9.42% to $284,500, when comparing December 2020 to December 2021.

Days on Market

Properties sold in December of 2021 were on market for an average of 15 days. This is down 29.96% from December 2020.

Properties Sold At or Above List Price

December of 2021 saw a 20.93% decrease in the number of properties sold, compared to December of 2020, with a total of 34 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Ypsilanti township market. In December of 2021, 67.65% of the properties sold at or above list price. So out of the 34 properties receiving new owners, 23 of them sold at or above list price.

When over 60% 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 | December 2021

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 2021 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 December 2021 stats are compared to the previous year’s December 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ann Arbor in the month of December 2021, was $446,232, this is up 1.19% compared to December 2020 .The median sales price for Ann Arbor is $379,873 which is up 1.03%.

Days on Market

Properties sold in December of 2021 were on market for an average of 30 days. This is down 26.82% from December 2020.

Properties Sold At or Above List Price

December of 2021 saw a 2.07% increase in the number of properties sold, compared to December of 2020, with a total of 148 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Ann Arbor market. In December of 2021, 56.76% of the properties sold at or above list price; so that means of the 148 homes sold, 84 sold at or above listing price.

When a little 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

Dexter, Michigan Real Estate Market Update | November 2021

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 2021 Dexter 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. These November 2021 stats are compared to the previous year’s November 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Dexter in the month of November 2021, was $476,821. Compared to November of 2020, this is up 7.77%. The median sales price also saw a jump in November. Median sales price rose 4.20% to $422,000, when comparing November 2020 to November 2021.

Days on Market

Properties sold in November of 2021 were on market for an average of 23 days. This is down 30.36% from November 2020.

Properties Sold At or Above List Price

November of 2021 saw a 6.45% increase in the number of properties sold, compared to November of 2020, with a total of 33 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Dexter market. In November of 2021, 78.6% of the properties sold at or above list price.

When a little over 3/4th’s 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. 25 of the 33 properties sold at or above list price this month.

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 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.

Dexter Real Estate Market Snapshot Shareable Graphic

Lincoln School District Real Estate Market Update | November 2021

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

Lincoln School District Real Estate Market

In November 2021 the Lincoln school district’s 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 November 2021 stats are compared to the previous year’s November 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in the Lincoln School district in the month of November 2021, was $308,806. Compared to November of 2020, this is up 21.20%. The median sales price also saw a pretty significant jump in November. Median sales price rose 23.20% to $308,000, when comparing November 2020 to November 2021.

Days on Market

Properties sold in November of 2021 were on market for an average of 17 days. This is down over 72.73% from November 2020. This means that homes are sitting on the market for just barely over two weeks before being snatched up.

Properties Sold At or Above List Price

November of 2021 saw a 83.33% increase in the number of properties sold, compared to November of 2020, with a total of 44 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Lincoln School district’s market. In November of 2021, 72.73% of the properties sold at or above list price. Out of the 44 properties sold, 32 were sold at or over list price.

When over 72% 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 the Lincoln School district, or are thinking of purchasing in the Lincoln school district, 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.

Lincoln Schools District Real Estate Market Stats Snapshot Shareable Graphic

Ann Arbor Michigan Real Estate Market Update | November 2021

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 2021 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 November 2021 stats are compared to the previous year’s November 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ann Arbor in the month of November 2021, was $458,426, this is up 2.94% compared to November 2020 .The median sales price for Ann Arbor is $400,000 which has not moved at all compared to November 2020, when it was also $400,000.

Days on Market

Properties sold in November of 2021 were on market for an average of 24 days. This is down 43.64% from November 2020.

Properties Sold At or Above List Price

November of 2021 saw a 11.18% decrease in the number of properties sold, compared to November of 2020, with a total of 143 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Ann Arbor market. In November of 2021, 52.45% of the properties sold at or above list price; so that means of the 143 homes sold, 75 sold at or above listing price.

When a little 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

Lincoln School District Real Estate Market Update | October 2021

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

Lincoln School District Real Estate Market

In October 2021 the Lincoln school district’s 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 October 2021 stats are compared to the previous year’s October 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in the Lincoln School district in the month of October 2021, was $305,950. Compared to October of 2020, this is up 22.08%. The median sales price also saw a pretty significant jump in October. Median sales price rose 28.06% to $315,500, when comparing October 2020 to October 2021.

Days on Market

Properties sold in October of 2021 were on market for an average of 13 days. This is down over 70.62% from October 2020. This means that homes are sitting on the market for just barely under two weeks before being snatched up.

Properties Sold At or Above List Price

October of 2021 saw a 21.43% decrease in the number of properties sold, compared to October of 2020, with a total of 33 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Lincoln School district’s market. In October of 2021, 75.76% of the properties sold at or above list price. Out of the 33 properties sold, 25 were sold at or over list price.

When over 75% 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 the Lincoln School district, or are thinking of purchasing in the Lincoln school district, 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.

Lincoln Schools District Real Estate Market Stats Snapshot Shareable Graphic

Ypsilanti Real Estate Market Update | October 2021

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

Ypsilanti’s Real Estate Market

The 2021 Ypsilanti 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. These October 2021 stats are compared to the previous year’s October 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ypsilanti in the month of October 2021, was $205,580. Compared to October of 2020, this is up 10.01%. Median sales price fell 0.58% to $172,500, when comparing October 2020 to October 2021.

Days on Market

Properties sold in October of 2021 were on market for an average of 19 days. This is down 20.75% from October 2020.

Properties Sold At or Above List Price

October of 2021 saw a 22.86% increase in the number of properties sold, compared to October of 2020, with a total of 86 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Ypsilanti market. In October of 2021, 72.09% of the properties sold at or above list price.

When over 70% 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, or are thinking of purchasing in Ypsilanti, 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 Real Estate Market Snapshot Shareable Graphic

Dexter, Michigan Real Estate Market Update | October 2021

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 2021 Dexter 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. These October 2021 stats are compared to the previous year’s October 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Dexter in the month of October 2021, was $503,239. Compared to October of 2020, this is up 11.05%. The median sales price also saw a pretty significant jump in October. Median sales price rose 12.83% to $449,900, when comparing October 2020 to October 2021.

Days on Market

Properties sold in October of 2021 were on market for an average of 46 days. This is down 16.85% from October 2020.

Properties Sold At or Above List Price

October of 2021 saw a 9.38% increase in the number of properties sold, compared to October of 2020, with a total of 35 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Dexter market. In October of 2021, 51.43% of the properties sold at or above list price.

When a little 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. 18 of the 35 properties sold at or above list price this month.

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 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.

Dexter Real Estate Market Snapshot Shareable Graphic

Ann Arbor Michigan Real Estate Market Update | October 2021

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 2021 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 October 2021 stats are compared to the previous year’s October 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ann Arbor in the month of October 2021, was $427,274 Compared to October of 2020, this is down 3.94%. The median sales price rose this October. Median sales price rose 1.08% to $385,100, when comparing October 2020 to October 2021.

Days on Market

Properties sold in October of 2021 were on market for an average of 28 days. This is down 18.32% from October 2020.

Properties Sold At or Above List Price

October of 2021 saw a 4.57% decrease in the number of properties sold, compared to October of 2020, with a total of 167 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Ann Arbor market. In October of 2021, 51.5% of the properties sold at or above list price; so that means of the 167 homes sold, 86 sold at or above listing price.

When a little 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

Saline Michigan Real Estate Market Update | September 2021

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

Walk through the numbers with Todd Waller

The September 2021 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 September 2021 stats are compared to the previous year’s September 2020 statistics, which means for the year over year comparisons, numbers of transactions, and days on market can be skewed because there was a hot moment where real estate was effectively brought to a standstill. (Thanks, Covid-19.)

Average Sales Price

The average sales price for a single family property (house or condo) sold in Saline in the month of September 2021, was $466,181. Compared to September of 2020, this is up 3.12%. The median sales price also saw a jump in September. Median sales price fell 0.54% to $462,500, when comparing September 2020 to September 2021.

Days on Market

Properties sold in September of 2021 were on market for an average of 37 days. This is down 19.81% from September of 2020.

Properties Sold At or Above List Price

September of 2021 saw a 21.74% increase in the number of properties sold, compared to September of 2020, with a total of 56 properties receiving new owners.

A newly tracked statistic for the Studio is the percentage of properties each month that sell at or above list price. This metric is another way to gauge the supply/demand inequity in the Saline market. In September of 2021, 64.29% of the properties sold at or above list price.

When 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. To be sure, Saline has seen a higher share of property selling at/above list for quite some time.

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. The current market conditions favor Saline 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.

Saline Michigan’s Real Estate Market Snapshot Shareable Graphic