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

Saline Michigan Real Estate Market Update | April 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 April 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 April 2022 stats are compared to the previous year’s April 2021 statistics.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Saline in the month of April 2022, was $556,328. Compared to April of 2021, this is up .7%. The median sales price also saw a jump in April. Median sales price rose 16.93% to $556,000, when comparing April 2021 to April 2022.

Days on Market

Properties sold in April of 2022 were on market for an average of 20 days. This is up .46% from April of 2021.

Properties Sold At or Above List Price

April of 2022 saw a 11.11% decrease in the number of properties sold, compared to April of 2021, with a total of 32 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 April of 2022, 87.5% of the properties sold at or above list price.

When 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

Ann Arbor Michigan Real Estate Market Update | April 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 April 2022 stats are compared to the previous year’s April 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 April 2022, was $517,854, this is up 7.97% compared to April 2021 .The median sales price for Ann Arbor is $440,000 which is up 14.73%.

Days on Market

Properties sold in April of 2022 were on market for an average of 13 days. This is down 41.82% from April 2021.

Properties Sold At or Above List Price

April of 2022 saw a 4.78% decrease in the number of properties sold, compared to April of 2021, with a total of 199 properties receiving new owners.

In April of 2022, 84.92% of the properties sold at or above list price; so that means of the 199 homes sold, 169 sold at or above listing price. This metric is another way to gauge the supply/demand inequity in the Ann Arbor market.

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

Ypsilanti Township (Lincoln Schools) Real Estate Market Update | February 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 February 2022, was $333,417. Compared to February of 2021, this is up 19.79%. Median sales price rose 20.74% to $326,000, when comparing February 2021 to February 2022.

Days on Market

Properties sold in February of 2022 were on market for an average of 14 days. This is down 10.48% from February 2021.

Properties Sold At or Above List Price

February of 2022 saw a 33% decrease in the number of properties sold, compared to February of 2021, with a total of 18 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 February of 2022, 66.67% of the properties sold at or above list price. So out of the 18 properties receiving new owners, 12 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

Saline Michigan Real Estate Market Update | February 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 February 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 February 2022 stats are compared to the previous year’s February 2021 statistics.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Saline in the month of February 2022, was $472,456. Compared to February of 2021, this is up 8.62%. The median sales price also saw a jump in February. Median sales price rose 2.77% to $445,000, when comparing February 2021 to February 2022.

Days on Market

Properties sold in February of 2022 were on market for an average of 66 days. This is down 13.24% from February of 2021.

Properties Sold At or Above List Price

February of 2022 saw a 9.38% increase in the number of properties sold, compared to February 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 February of 2022, 54.29% of the properties sold at or above list price.

When 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

Dexter, Michigan Real Estate Market Update | February 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 2022 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 February 2022 stats are compared to the previous year’s February 2021 statistics.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Dexter in the month of February 2022, was $509,175. Compared to February of 2021, this is up 5.19%. The median sales price also saw a jump in February. Median sales price rose 8.33% to $455,000, when comparing February 2021 to February 2022.

Days on Market

Properties sold in February of 2022 were on market for an average of 40 days. This is down 49.33% from February 2021.

Properties Sold At or Above List Price

February of 2022 saw 19 homes receiving new owners, which is the exact same as February 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 February of 2022, 94.74% of the properties 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.

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 | February 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 February 2022 stats are compared to the previous year’s February 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 February 2022, was $498,368, this is up 34.60% compared to February 2021 .The median sales price for Ann Arbor is $414,653 which is up 19.32%.

Days on Market

Properties sold in February of 2022 were on market for an average of 26 days. This is down 52.45% from February 2021.

Properties Sold At or Above List Price

February of 2022 saw a 7.27% decrease in the number of properties sold, compared to February of 2021, with a total of 102 properties receiving new owners.

In February of 2022, 60.9% of the properties sold at or above list price; so that means of the 102 homes sold, 74 sold at or above listing price. This metric is another way to gauge the supply/demand inequity in the Ann Arbor market.

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

Ypsilanti Real Estate Market Update | January 2022

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 January 2022 stats are compared to the previous year’s January 2021 statistics.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Ypsilanti in the month of January 2022, was $199,890. Compared to January of 2021, this is down 11.90%. Median sales price rose 9.09% to $210,000, when comparing January 2022 to January 2021.

Days on Market

Properties sold in January of 2022 were on market for an average of 22 days. This is down 13.65% from January 2021.

Properties Sold At or Above List Price

January of 2022 saw a 19.57% decrease in the number of properties sold, compared to January of 2021, with a total of 37 properties receiving new owners.

In January of 2022 59.46% of the properties sold at or above list price. This metric is another way to gauge the supply/demand inequity in the Ypsilanti market

When over 50% 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

Ypsilanti Township (Lincoln Schools) Real Estate Market Update | January 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 January 2022, was $282,636. Compared to January of 2021, this is down 1.07%. Median sales price rose 18.80% to $297,000, when comparing January 2021 to January 2022.

Days on Market

Properties sold in January of 2022 were on market for an average of 21 days. This is up 24.26% from January 2021.

Properties Sold At or Above List Price

January of 2022 saw a 36% decrease in the number of properties sold, compared to January of 2021, with a total of 16 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 January of 2022, 68.75% of the properties sold at or above list price. So out of the 16 properties receiving new owners, 11 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

Saline Michigan Real Estate Market Update | January 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 January 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 January 2022 stats are compared to the previous year’s January 2021 statistics.

Average Sales Price

The average sales price for a single family property (house or condo) sold in Saline in the month of January 2022 was $468,331. Compared to January of 2021, this is up 17.10%. The median sales price also saw a jump in January. Median sales price rose 14.15% to $417,899, when comparing January 2021 to January 2022.

Days on Market

Properties sold in January of 2022 were on market for an average of 74 days. This is way up, 72.88% from January of 2021.

Properties Sold At or Above List Price

January of 2022 saw a 10.34% decrease in the number of properties sold, compared to January 2021, with a total of 26 properties receiving new owners.

In January 2022, only 38.46% of the properties sold at or above list price. This metric is another way to gauge the supply/demand inequity in the Saline market. So of the 26 that sold, 10 sold above or at 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. 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