Equal Inventory Listed and Sold in June
![](http://blog.bouma.com/files/2019/07/AA-condo-report-Aug19.jpg)
Great news for sellers in the month of June, as 68 condos were listed and 68 were sold in Ann Arbor. Last June, 87 units were listed for sale, a 21.8% decline, and 53 were sold, 28.3% increase. The average listing price was $316,090 versus $353,306 in June 2019, a 10.6% decrease. As for the average selling price, there was a 5.3% increase from $283,620 to $298,525. Condominiums were usually on the market for 25 days.
The year-to-date statistics look decent in comparison to last year. 421 homes have been entered into the multiple listing service, a 3.2% increase from the 408 at this time in 2018. Only a slight decline compared to last year’s ALP, the ALP for half way through this year is $341,102. A grand total of 293 condos have been sold thus far, an increase of 21% from the 242 before. Overall, the ASP is $291,760 versus $280,807 last year at this time, a 4% rise.
For all of your condo needs and questions, contact the condominium experts with The Bouma Group at (734)761-3060 or email info@condohotline.com. Stay tuned on the Ann Arbor condo market by checking back here!