Single-family residence gross sales within the Ann Arbor area improve 6% in Could

Whereas condominium gross sales rose in April, gross sales of household properties in Ann Arbor, Michigan, rose.

Single-family residence gross sales rose 6% in Could, based on a report launched in Could 2019 by the Board of Realtors of the Ann Arbor area.

Single-family properties additionally skilled a three.5% improve and the typical promoting value improved by 7.four%, based on the report.

Adobe Inventory

In April, gross sales and listings of condominiums had been up. Nevertheless, in Could, condominium listings declined eight.7% and gross sales by 1%.

The common promoting value is definitely improved, based on the report, with a rise of 15.9% and a rise within the promoting value of 14% in comparison with Could 2018.

Listed below are the developments for residential actual property for the month of Could in Washtenaw County.

In comparison with Could 2018, in Could 2019, the variety of new listings in single-detached properties elevated from 626 to 648, a rise of three.5%. The value additionally elevated 7.four% from $ 326,126 to $ 350,178.

Whereas the typical condominium gross sales value elevated from Could 2018 to Could 2019, the variety of new listings decreased by eight.7%.

The variety of single-family properties because the starting of the yr has already exceeded that of 2018

In 2018, the entire variety of new single-family dwellings was 2,019. Since Could 2019, the cumulative variety of years has elevated, with 2,172 new listings up to now.

In Could 2018, the median promoting value of a single-family residence was $ 286,600. A rise of greater than $ 14,000 came about in Could 2019, with a median promoting value of $ 301,000.

Though the variety of new condominium listings in Ann Arbor in Could 2019 decreased in comparison with Could 2019, the variety of cumulative gross sales has elevated.

In Could 2018, the variety of properties offered because the starting of the yr was 189. This yr, they had been 224.

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