Downtown Ann Arbor Condo Review: Q4 2025

Welcome to our latest deep dive into the Downtown Ann Arbor condo market! As we closed out 2025, the market continued its trend of historically low inventory coupled with very strong buyer demand. For both potential sellers and buyers, understanding these dynamics is key to making empowered decisions. We’re excited to share our findings from the fourth quarter and offer a glimpse into what’s ahead for our vibrant community.

At The Bouma Group, we believe that accurate, up-to-date information is the foundation of every successful real estate journey. Let’s explore the key trends, sales performance, and opportunities that defined the end of 2025.

Liberty Lofts Condo Building in Downtown Ann Arbor

Market Snapshot: Low Inventory and High Demand

The big story heading into 2026 is the scarcity of available condos. The fourth quarter of 2025 saw a significant drop in active listings compared to the same period in 2024, when there were 29 units on the market.

This past quarter, there were only 8 active resale listings. With two of those already under contract, it left just 6 available condos for eager buyers. This tight inventory creates a competitive environment, particularly for desirable properties. The price range for these available units is also notable, with four of the six priced over $1,000,000. The most accessible option started at $665,000, highlighting the premium on downtown living.

Perhaps the most talked-about listing is the stunning penthouse atop the former DTE building on South Main Street. Listed at an unprecedented $7,000,000, or about $1,400 per square foot, it stands as the most expensive condo in the history of downtown Ann Arbor. This listing signals a new ceiling for luxury urban living in our city.

New Construction Fuels Growth

212 Miller Ave Condos Under Construction

212 Miller Ave Condo Building Under Construction

While the resale market is tight, new construction is bringing much-needed inventory to downtown. A total of 17 new construction condos were on the market, with 15 of them are already under contract. This demonstrates the strong desire for modern, new-build properties in prime locations.

Several additional developments are in various stages of planning, approval, or construction, promising to further transform the downtown landscape. These projects could introduce up to 1,168 new living units, including 102 condos and a significant number of apartments.

Here’s a quick look at what’s on the horizon:

  • Marketplace (Under Construction): 18 new condos in the beloved Kerrytown neighborhood.
  • Braun Ct (Approved): Another Kerrytown project set to add 36 condos.
  • 1st Street Condos (In Planning): A development poised to bring 48 more condos to the market.
  • Apartment Developments: Projects like 315 Huron, Dunbar, Kline Parking Lot, 415 Washington, and Near North will add hundreds of rental units, contributing to the overall housing supply.

Q4 2025 Sales Performance

The fourth quarter saw steady sales activity, with 12 condos sold. This figure is slightly down from the 15 sales recorded in Q4 2024, but it’s a strong number given the limited inventory. The sales included two new construction units and ten resale properties.

Notable Sales Highlights

The quarter featured several impressive sales that showcased the market’s strength.

Loft 322 Condo Building Downtown Ann Arbor

Loft 322/Denali Condo Building

Highest Re-Sale: A loft at 322 E. Liberty St. claimed the top spot, selling for $2,000,000, or $907 per square foot. This beautiful 2,205 sq. ft. penthouse features 2 bedrooms, 2.5 baths, two fireplaces, two balconies, and a private 2-car garage. It sold in just 29 days, demonstrating the high demand for premium loft-style living. Its sale history: $1,315,000 in 2021 and $793,400 in 2007, illustrates remarkable value appreciation over time. Located at Loft 322.

New Construction Closings: The new development at 212 Miller saw two units close, with sales prices of $753,371 and $1,465,017. The higher-priced unit sold for a remarkable $874 per square foot, a strong indicator for new construction values.

Kingsley Condos Building in Downtown Ann Arbor

Kingsley Condos Building

Strong Market Performers:

  • 218 Kingsley #209: This unit sold for $950,000 ($587/SF) in just 8 days. Kingsley Condos
  • 410 1st St #207: Sold for $630,000 ($574/SF) after only 11 days on the market. 410 N First Condos
  • 505 E. Huron St #508: This Sloan Plaza condo sold for $535,000 in a swift 26 days. Sloan Plaza

Lowest-Priced Sales: On the more affordable end of the spectrum, three units at Riverside Park Place on Wall Street sold, with prices ranging from $310,000 to $330,000. These sales provide an important access point to the downtown market.

Advice for Sellers: A Prime Opportunity

If you have been thinking of selling your downtown condo, the current market presents an excellent opportunity. Prices are at historical highs, and strong buyer demand means well-positioned properties are attracting serious attention.

To capitalize on this moment, it’s crucial to present your home in the best possible light. This includes professional staging, high-quality photography, and completing any minor upgrades that can make a big impact. Pricing your condo competitively from the start is also essential for attracting the right buyers quickly.

While inventory is low now, it typically rises in the spring. Acting sooner rather than later could help you maximize your sale price and take advantage of the current demand before more competition enters the market. Working with an experienced agent who has a deep understanding of the Ann Arbor condo market is your greatest asset in navigating this process.

Let’s Discuss Your Goals

The Ann Arbor condo market is dynamic and full of potential. Whether you are considering selling your property or searching for your perfect downtown home, our team is here to provide the expertise and support you need. We are passionate about helping our clients achieve their real estate goals with confidence.

Ready to take the next step? Contact The Bouma Group today at 734-761-3060 or info@bouma.com and let’s delve into your goals.

Get the full, detailed report here: Q4 2025 Downtown Ann Arbor Condos Report

Ann Arbor Condo Market: Q3 2025 Recap and Sales

Ann Arbor’s Q3 2025 Condo Market Recap

Welcome to our third-quarter report on the Ann Arbor condo market! The months of July, August, and September have revealed an active landscape for condo living in our city. This quarter highlighted the incredible variety available, from efficient and affordable units perfect for first-time buyers to stunning luxury residences in the heart of downtown. We are excited to share the latest trends and showcase some of the key sales that defined the last few months.

The data from Q3 2025 shows a healthy and competitive market. A total of 141 condos were sold, indicating consistent buyer interest. With an average of just 35 days on the market, well-priced properties moved at a brisk pace. This activity demonstrates that now, more than ever, having an expert team by your side is crucial for success. Let’s dive into the details!

Aerial view of downtown Ann Arbor's condo buildings

A Snapshot of the Ann Arbor Condo Market in Q3 2025

This past quarter underscored a market where desirable condos attracted significant attention and sold quickly. The average sale price for the quarter reached $438,181, with the median sale price settling at $401,825. These figures reflect the strong value and appeal of condo living in Ann Arbor, which offers a low-maintenance lifestyle with access to the city’s best amenities.

The speed of sales tells a compelling story. 67% of condos sold within the first 30 days, achieving an average of 99% of their original asking price. This signals that buyers are ready to act fast for well-priced properties. Another 16% of condos sold within 31 to 60 days at 96% of their list price, while 8.5% sold between 61 and 90 days, securing 90% of the list price. These statistics paint a picture of a market that rewards sellers who present their properties effectively.

The luxury condo market also made its mark, with four condos selling for over $1,000,000. This demonstrates the desire for high-end, maintenance-free living in premium locations.

Exploring the Condos of Q3

Behind every number is a property with its own unique appeal. Let’s take a closer look at four condos that represent the full spectrum of the market this quarter, from the most accessible to the most luxurious.

The Most Expensive Condo Sold: 441 S. Ashley #306

Evening photo of The Galley Condo building in downtown Ann Arbor

Photo courtesy of the MLS

At the top of the market, this stunning residence at The Gallery in downtown Ann Arbor sold for an impressive $1,250,000. This sale is a perfect example of the high demand for luxury urban living. We are so proud that our very own Stephanie Roberts from The Bouma Group brought the buyer to this incredible property, ensuring they found their perfect home.

  • Sale Price: $1,250,000
  • Square Feet: 1,894
  • Bedrooms/Baths: 3 bedrooms, 2 full baths
  • Key Features: Located at The Gallery, this condo offers sophisticated downtown living with premium finishes and a prime location.

An Average-Priced Gem: 2115 Nature Cove Court #202

The main entrance to one of the Nature Cove condo buildings

Representing the average price point this quarter, this beautiful condo in the Nature Cove community sold for its full list price of $435,000 in just 15 days. Its swift sale highlights the strong appeal of spacious, well-located condos.

  • Sale Price: $435,000
  • Square Feet: 2,018
  • Bedrooms/Baths: 2 bedrooms, 2 baths
  • Key Features: This property offers generous living space in a serene community, combining comfort with a connection to nature.

A Median-Priced Condo: 2231 Trillium Lane 33

Sketch of condo at Veridian at County Farm Park that is being built

Photo courtesy of the MLS

This median-priced condo, part of the exciting new Veridian at County Farm community, sold for its full price of $401,825. As a new construction unit, it represents the future of sustainable living in Ann Arbor.

  • Sale Price: $401,825
  • Square Feet: 835
  • Bedrooms/Baths: 2 bedrooms, 1 bath
  • Key Features: This condo is part of a groundbreaking Net Zero Energy community, offering cutting-edge efficiency and modern design. It was on the market for 115 days, which is typical for new construction projects awaiting completion.

The Least Expensive Condo Sold: 2154 Stone School Circle

End-unit condo at Stone School Townhomes community in Ann Arbor

Photo courtesy of the MLS

This home at Stone School Townhomes demonstrates the fantastic entry-level opportunities in Ann Arbor’s condo market. It sold for its full asking price of $120,800 after 37 days on the market, offering incredible value.

  • Sale Price: $120,800
  • Square Feet: 732, plus 329 in the finished lower level
  • Bedrooms/Baths: 2 bedrooms, 1 full bath
  • Key Features: This townhome provided an affordable entry point into the market with valuable bonus space in the finished lower level.

What This Means for You

The third quarter of 2025 has confirmed that Ann Arbor’s condo market is dynamic and full of opportunity. For sellers, the current conditions are highly favorable, with strong demand leading to quick sales at excellent prices. For buyers, the market is competitive, but a wide range of options exists across all price points. Success in this environment requires timely action and the guidance of a seasoned professional.

Whether you are considering buying your first condo, selling your current residence, or investing in a luxury downtown property, our team at The Bouma Group is ready to guide you. We have the expertise, market knowledge, and dedication to help you achieve your real estate dreams.

Contact us at The Bouma Group, Realtors today at 734-761-3060 or info@condohotline.com to start the conversation about your next move! Browse Ann Arbor Condo Communities here!

Downtown Ann Arbor Condo Market Update – Q2 2025

Second Quarter Stats for Downtown Condos

Aerial View of Downtown Ann Arbor in Summer Looking South

The second quarter of 2025 has brought noteworthy changes to the downtown Ann Arbor condo market, presenting both opportunities and challenges for buyers and sellers. With a sharp 90% increase in inventory, longer average Days on Market (DOM), and exciting new developments in the Kerrytown area, the market is buzzing with activity. Whether you’re looking to buy or sell, understanding these shifts and knowing how to navigate them can make all the difference.

Key Market Trends for the Second Quarter

1. Inventory Expansion

The number of active condo listings in downtown Ann Arbor surged by 90% compared to Q2 2024. Last year, only 11 units were available; this year, that number rose to 21.

For buyers, this increase means more options and stronger negotiating power. For sellers, however, it creates a more competitive environment, making pricing strategy and property presentation critical to standing out.

2. Longer Days on Market (DOM)

The average DOM for active listings has climbed to 76 days, up significantly from the 22-day average of recently sold properties. This trend suggests that higher inventory is giving buyers more time to weigh their options.

Sellers should take note: pricing accurately, investing in professional staging, and leveraging targeted marketing are key to capturing buyer interest and reducing time on the market.

N Fourth Condo building in Downtown Ann Arbor's Kerrytown district

N Fourth Condo building in the Kerrytown district

3. Noteworthy Sales Highlights

Despite market challenges, Q2 2025 saw some remarkable sales activity:

  • A total of 19 condos were sold during the quarter.
  • Ashley Terrace led the way with five sales, though all closed below their listed prices.
  • The highest sale of the quarter occurred at 401 N. 4th Avenue, selling for $2.15 million—$165,000 above list price.

This shows that while competition is fierce, unique and desirable properties can still command premium prices and strong buyer interest.

4. Increase in Price Reductions

Price reductions rose by 86% in June compared to the same month in 2024. Furthermore, only 25% of condos sold above list price—a notable drop from 38% in 2024 and 66% in 2023.

For buyers, this cooling trend signals opportunities to negotiate, especially for properties that have been on the market longer or require updates. Sellers, on the other hand, must adapt with competitive pricing and appealing home presentation to attract today’s more cautious buyers.

Detroit Street Condos in Downtown Ann Arbor's Kerrytown District

Detroit Street Condos Under Construction in the Kerrytown District

Exciting Developments in Kerrytown

Kerrytown continues to thrive as a vibrant urban neighborhood, with two exciting new condo projects on the horizon:

  • The Market Place building at 303 Detroit Street is being transformed into 14 modern condos.
  • Braun Court is set to become a seven-story building featuring 36 condos.

These developments will not only add inventory but also reinforce Kerrytown’s reputation as a sought-after location for urban living.

Advice for Sellers

Adapting to the evolving market is essential for sellers. Here’s how to stay ahead:

  • Price competitively: Overpricing can lead to longer DOM, which dampens buyer interest. Use real-time market data to set an accurate price.
  • Invest in presentation: Professional staging can enhance your property’s appeal, showcasing its best features to potential buyers.
  • Market strategically: Partner with an experienced Realtor to craft targeted marketing campaigns that highlight your property’s strengths and attract serious buyers.

Keep in mind, securing an offer within the first 7–10 days is crucial. Homes that sit on the market longer may struggle to maintain buyer interest or achieve full-price offers.

Opportunities for Buyers

For buyers, the current market offers enticing possibilities:

  • More options: The expanded inventory provides a wider range of properties to choose from, with varying layouts, price points, and locations.
  • Greater negotiating power: Longer DOM and increased listings give buyers leverage to negotiate favorable deals or request updates as part of the purchase.
  • Act quickly for top properties: Turnkey condos in prime locations are still selling quickly, often above list price. Knowing what you want and acting decisively is key.

The Value of Expert Representation

Navigating a dynamic market requires expertise. Working with a knowledgeable Realtor can give you a significant advantage:

  • In-depth market insight: Expert Realtors understand the downtown Ann Arbor and Kerrytown markets, providing the data and trends you need to make informed decisions.
  • Strategic planning: Realtors help sellers position their properties for success and guide buyers toward the best opportunities and deals.

At The Bouma Group, we specialize in the downtown Ann Arbor condo market. From accurate market analysis to strategic marketing and skilled negotiation, we provide the tools and expertise you need to achieve your goals.

Looking Ahead

Whether you’re preparing to sell or exploring buying opportunities, staying informed about Ann Arbor’s shifting condo market is essential. With more inventory, new developments, and changing buyer behavior, the landscape is evolving rapidly. With the right strategies and expert guidance, you can seize these opportunities and succeed in Q2 2025 and beyond.

When you’re ready to make your move, reach out to The Bouma Group for personalized support. We’re here to help you navigate every step of your condo journey.

Now is the perfect time to take advantage of the downtown Ann Arbor market—connect with us today at 734-761-3060 or info@condohotline.com!

Ann Arbor Condo Market 2024: A Look at the Highs, Lows, and Everything in Between

Ann Arbor Condo Market 2024 Recap

Depiction of Ann Arbor Condos, Nielsen Square

Are you thinking about buying or selling a condo in Ann Arbor? Knowing what’s happening in the local market is key to making informed decisions. The Ann Arbor condo market in 2024 showed remarkable variety, from luxury downtown living to affordable options in co-ops. With 592 condos sold and an average of 30 days on the market, it’s safe to say this year was dynamic, fast-paced, and full of opportunities.

Here’s a closer look at the highest, average, median, and lowest-priced condos sold in 2024, along with key insights that define the Ann Arbor real estate landscape.

Key Market Trends in 2024

Before we explore the standout sales, let’s check out some overall market stats:

  • Average sale price: $415,660
  • Median sale price: $350,000
  • Average price per square foot: $301
  • Median price per square foot: $265
  • 397 condos closed within just 30 days!

Clearly, Ann Arbor’s thriving market offers something for every type of buyer while ensuring sellers can move their properties quickly.

Now, let’s break down the highs, averages, and lows of Ann Arbor condos in 2024.

The Most Expensive Sale of 2024

101 N. Main, Downtown Ann Arbor Condo Building

Photo courtesy of the MLS

Location: 101 N. Main St. #906, Downtown Ann Arbor at One North Main

  • List Price: $1,195,000
  • Sale Price: $1,625,000 (Yes, you read that right—it sold for $430,000 over asking!)
  • Square Footage: 2,316 sq. ft.
  • Price Per Square Foot: $701.64
  • Bedrooms/Bathrooms: 3 beds, 2 baths
  • Days on Market: 13

This downtown penthouse boasts stunning views, spacious luxury, and cutting-edge design, making it a magnet for elite buyers. With 13 days on the market, this property reinforced the appeal of Ann Arbor’s downtown scene. If upscale urban living is what you’re after, this sale sets a high bar!

The Average Condo Sale

3176 Asher Rd., Ann Arbor Condo Photo

Photo courtesy of the MLS

Location: 3176 Asher Rd., East Ann Arbor at Berkshire Creek

  • List Price: $415,900
  • Sale Price: $415,900 (sold right at asking)
  • Square Footage: 2,179 sq. ft.
  • Price Per Square Foot: $190.87
  • Bedrooms/Bathrooms: 2 beds, 2.1 baths
  • Days on Market: 26

East Ann Arbor remains a sweet spot for buyers looking for spacious homes without the downtown price tag. The condo at 3176 Asher Rd. epitomizes this balance, offering generous square footage and an attractive price per square foot for buyers seeking both affordability and comfort.

The Median Sale of 2024

727 Peninsula Court, Ann Arbor Condo at Geddes Lake

Photo courtesy of the MLS

Location: 727 Peninsula Court, Ann Arbor at Geddes Lake

  • List Price: $348,000
  • Sale Price: $350,000 (just above asking)
  • Square Footage: 758 sq. ft.
  • Price Per Square Foot: $230.87
  • Bedrooms/Bathrooms: 3 beds, 2.1 baths
  • Days on Market: 5

This condo flew off the market in just 5 days, highlighting that homes in the $350,000 range are in high demand. Its cozy yet functional floor plan makes it a great entry point for first-time buyers who value location and convenience.

The Least Expensive Sale of 2024

3210 Williamsburg, Ann Arbor Condo at Colonial Squares

Photo courtesy of the MLS

Location: 3210 Williamsburg, Southeast Ann Arbor (Co-op)

  • List Price: $125,000
  • Sale Price: $125,000 (sold at asking)
  • Square Footage: 707 sq. ft.
  • Price Per Square Foot: $176.80
  • Bedrooms/Bathrooms: 1 bed, 1 bath
  • Days on Market: 13

For those on a budget, this charming co-op condo offered an affordable entry into Ann Arbor living. With a modest price per square foot, it’s examples like these that show Ann Arbor can still cater to buyers in the lower price ranges.

Why This Market Matters to Buyers and Sellers

Whether you’re considering buying or selling, Ann Arbor’s condo market offers unique opportunities:

  • For Buyers: From luxury downtown spots to affordable co-ops, there’s something for every lifestyle and budget.
  • For Sellers: With 397 units selling within 30 days, the right pricing strategy and marketing could have your property off the market in no time.

What’s Next?

No matter your goals in Ann Arbor’s condo market, understanding trends and performance is crucial. Interested in making your move or learning more about the value of your property? We’re here to help you understand your options and achieve the best outcomes.

Contact us today at The Bouma Group, Realtors at 734-761-3060 or info@condohotline.com, and let’s explore the possibilities in Ann Arbor real estate together!

Ann Arbor Condo Market Update – Fall 2024

A Deep Dive into Ann Arbor Condo Market Trends in 2024

The Garnet Condo Building, New Construction in Downtown Ann Arbor

Ann Arbor’s condo market is bustling with activity as we move through 2024. In the first three quarters alone, the data shows interesting patterns and trends that both current condo owners and potential buyers should consider. Here’s a detailed look at what you need to know.

Overview of the Ann Arbor Condo Market

  • New Listings: 604 new listings have been recorded, representing a modest increase of 1.7% compared to the same period last year.
  • Pending Sales: There have been 482 pending sales, showing a slight dip of 1%.
  • Closed Sales: 470, marking a decrease of 2.5%.
  • Days on Market: Condos are selling faster, with an average of just 35 days on the market, an impressive drop of 35%.

Pricing Trends

  • Median Sales Price: The median sales price has increased by 13%, now standing at $356,000.
  • Average Sales Price: This year, the average sales price has risen to $416,563, which is a 7% increase.
  • Percent of List Price Received: Sellers are receiving on average 100.8% of their asking prices, a slight decrease of 0.5%.

Downtown Ann Arbor Condo Market

  • Currently Active: There are 36 active listings in downtown Ann Arbor.
  • Pending Listings: 26 condos are currently under contract.
  • Sales Activity: There have been 77 closed sales. Notably, seven of these sales have been over $1,000,000, including four new construction units.
  • Affordable Options: For those seeking more affordable options, 30 units sold under $300,000, predominantly located in Tower Plaza.
  • Median and Average Sales Prices: The median sales price is $451,000, and the average sales price is $534,562.

Spotlight on Notable Sales

Most Expensive Condo Sold

101 N. Main St. #906, Downtown Ann Arbor
One North Main Condos
2,316 square feet with 3 bedrooms and 2 baths
Listed for $1,195,000
Sold for $1,625,000
13 days on market

The top-tier properties in Ann Arbor’s market continue to command significant attention. One of the most expensive condos sold this year was a luxurious unit in the heart of downtown, fetching well over $1,000,000 and showcasing the continued demand for high-end urban living.

Average Condo Sale

111 N. Ashley St. #604, Downtown Ann Arbor
Ashley Terrace Condos
863 square feet with 1 bedroom and 1 bath
Listed for $439,900
Sold for $420,000
27 days on market

The average condo sale in Ann Arbor reflects the broader trends of increasing prices, with typical units selling at around $416,563. These average-priced condos often offer a balanced mix of location, amenities, and value, making them appealing to a wide range of buyers.

Least Expensive Condo Sold

555 E. William St. #5L, Downtown Ann Arbor
Tower Plaza
430 square feet, studio with 1 full bath
Listed for $185,000
Sold for $185,000
1 Day on Market

At the other end of the spectrum, some of the least expensive condos, particularly in areas like Tower Plaza, provide affordable entry points into the Ann Arbor real estate market. These units, selling for under $300,000, offer great opportunities for first-time buyers or those looking for investment properties.

Key Takeaways for Buyers and Sellers

For buyers, the Ann Arbor condo market remains competitive, but opportunities exist across various price points. It’s essential to move quickly, given the reduced days on market. Sellers, meanwhile, can take advantage of the appreciating prices and quick sales, although it’s important to price realistically to ensure swift transactions.

Whether you’re considering buying or selling a condo in Ann Arbor, understanding these trends can help you make informed decisions. Stay tuned for more updates as the year progresses, and don’t hesitate to reach out if you’re ready to explore the Ann Arbor condo market further. Contact us today at The Bouma Group at 734-761-3060 or info@condohotline.com.

Ann Arbor Condo Report – March 2021

Rise in Listed and Sold Inventory

Ann Arbor condos saw an increase in all of their statistics in the month of March. 100 units were added to the market, versus the 91 last March, a 9.9% increase. The average listing price for these condos went from $283,169 before to $394,977, a considerable 39.5% rise. There was a total of 57 sold condos, which was a 35.7% increase from the 42 prior. The average sale price increased by 6% from $271,228 to $287,566. Luckily for sellers, the average days on the market dropped to 40 days – 32.2% decline.

Like the monthly numbers, the year-to-date statistics also experienced an increase. It was slight, but the added inventory came to 239 condos versus the 236 before. The cumulative listing price increased 15.9% from $346,810 to $402,110. A total of 149 units were sold, compared to the 123 last year at this time, a 21.1% rise.  The average sale price was $295,504 so far this year, which was a minimal increase from the ASP of $292,277 previously.

If you would like to learn more about the condo market at Ann Arbor, contact the specialists with The Bouma Group at 734-761-3060 or email info@bouma.com. Discover available Ann Arbor condos here!

Ann Arbor Condo Report – October 2020

Prices Remain Consistent Overall for Ann Arbor Condos

The prices for Ann Arbor condos did not change drastically from last October. For example, the average listing price this past month is $366,788, a minimal increase from the $365,348 prior. New inventory saw a 12.5% rise at 72 condos compared to the 64 from before. As for sold condos, there was a similar increase from 60 to 67 recently – an 11.% increase. The average listing price for condos saw the greatest difference at $12.1% compared to other prices this month, $306,138 versus $343,309. Unfortunately for sellers, the average days on the market is 42, which still remains higher.

In comparison to last year at this time, the statistics remain fairly stable. Last October there had been 856 condos entered, whereas this year there has been 838, which is a slight decrease. The average listing price is also minimally lower, $330,799 versus $327,418 so far this year. There has been a 4.2% decline in the amount sold condos, from 593 to 568 currently. As for the average sale price of $284,023 cumulatively in 2020, it is only down marginally from $288,873 before.

If you are interested in listing or buying an Ann Arbor condo, contact the specialists with The Bouma Group at 734-761-3060 or email info@condohotline.com. Stay updated on Ann Arbor condos here!

Ann Arbor Condo Report – August 2020

More Inventory for Both Listings and Sales

Ann Arbor condos saw an increase in new and sold inventory this August 2020. New listings were up 14.5% at 71 condos, and this is in comparison to the 62 last August. The average listing price for these condos was $269,522, versus $362,526 before, down 25.7%. A total of 54 condos were sold this past month, a 22.7% increase from the 44 prior. Unlike the ALP, the average sale price rose 7% from $237,738 to $254,295 currently. The average days on the market was the same as Ann Arbor homes, at 29 days.

Looking at the year-to-date statistics, there was a 3.9% increase in inventory from 489 previously to 508 currently. The ALP for homes thus far is $304,478, a minimal increase from $303,238 before. Unfortunately for sellers, there was a 9% decline in the amount of sold homes from 489 to 508 now. The ASP is down 8.4% from $279,880 to $256,508 so far this year.

If you would like to learn more about the Ann Arbor condo market, contact the specialists with The Bouma Group at 734-761-3060 or email info@condohotline.com. Read more about Ann Arbor condos here!