January Home Sale Averages Are Up for Washtenaw County
January home sales in Washtenaw county are up in number of listings, number of closings, and sale prices from this time in 2019. There was a 11% increase in combined single family homes and condominium listings. Average sale prices for single family homes also showed an increase from $313,510 last January to $319,866 for a 2% gain. Condominium sales however dropped to $247,935 for a 17% fall. Market supply could have been a contributing factor as the area saw a jump of 55% in the number of listings on the market in the month.
Individual communities have varied. Ann Arbor, Whitmore Lake, Saline, and Ypsilanti sale prices were down from a year ago. Ypsilanti and Whitmore Lake had the biggest drop with average sale prices of $176,682, down 11% for Ypsilanti, and Whitmore Lake down to $445,000 for a 14% drop.
Chelsea, Dexter, Manchester, and Lincoln all had increased sale prices for the month. Lincoln and Manchester had the largest percentage increases of $254,200 for a 8% jump, and $249,333 for 8% as well.
All of the data is provided by the Ann Arbor Area Board of Realtors.