Sales, listings and prices are all showing positive gains over last year, according to the Ann Arbor Area Board of Realtors. Residential sales for September were up 22 percent at 338 units, over 278 last year. There were 420 new residential listings in September, a gain of 24 percent over last year when there were 339 listings in September 2012.
Homes are selling faster, and at higher prices than last year. The average days on market decreased to 37 days, compared to 59 days a year ago. Prices showed a 21 percent increase, with an average sale price for September of $257,998, compared to $214,059 last year. 26 percent of listings sold above list price.