Piperpartners.com Ann Arbor Real Estate Market Update for December 2024. This image shows data and trends for home and condo sales, listings and listings under contract over the last 3 years.
The Ann Arbor real estate market is still a seller’s market as of November 2024 and until we see more supply, it is likely to remain a seller’s market. Buyers should take heart that homes available for sale in the Ann Arbor market are showing a rising trend. Meanwhile homes sold is showing a declining trend over the last three years. Until we see better home affordability and more homes available for sale, the market will likely continue without drastic change. Home prices have remained strong, again due to low inventory.
Summary – Sold, Listed and Pending Homes For All Ann Arbor MLS areas:
- November 2024 was a Seller’s market.Home For Sale in November 2024: 423 units.
- Down 10% compared to last month – Up 1.7% compared to last year.
- Home Closed in November 2024: 163 units.
- Down 3.6% compared to last month – Down 3.6% compared to last year.
- Home Placed under Contract in November 2024: 80 units.
- Down 57.7% compared to last month Down 63.3% compared to last year.
We can successfully buy or sell homes in any market. Opportunities exist for those motivated to make a move, so don’t stay out of the market because of what you hear in the news. Reach out to us for a free consultation, and we can clarify your best path forward to home ownership.
