Real Estate: Strong Overall Condo Sales Help Offset Total Sales Being Down 2.9 percent
New single family listings decreased in July, with a 0.4% fall compared to this time last year. Along with the fall in single family listings, the average listing price decreased by 3.1%. The overall sales of single family listings decreased by 7.0% compared to 2018 at this time.
New condominium listings saw a 13.2% decrease despite condominium sales increasing by 15.2%. However, the average condominium list price fell by 6.2% and sales prices decreased 6.2% compared to that of 2018. During this past July, we saw 106 condominiums sell and a total of 476 residential sales.
Year-to-date, the total number of new residential listings compared to 2018 rose 2.2% and total residential sales decreased by 0.2% compared to 2018.
The “Monthly Housing Statistics” published each month by the Ann Arbor Area Board of REALTORS® represent the housing activity of the Multiple Listing Service and not necessarily all the housing activity that has occurred in Washtenaw County.
Days on market (DOM) figures are indicated only for that particular current listing. If the property was taken off the market and then re-listed, the count starts over and would not necessarily reflect the total days the property has been available for purchase since it was first made available.
