{"id":7425,"date":"2016-05-12T20:32:50","date_gmt":"2016-05-12T20:32:50","guid":{"rendered":"http:\/\/www.reinhartrealtors.com\/blog\/?p=7425"},"modified":"2016-05-12T20:32:50","modified_gmt":"2016-05-12T20:32:50","slug":"spring-real-estate-trends-in-ann-arbor-area","status":"publish","type":"post","link":"https:\/\/165commons.reinhartrealtors.com\/blog\/spring-real-estate-trends-in-ann-arbor-area\/","title":{"rendered":"Spring Real Estate Trends in Ann Arbor Area"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7448\" src=\"http:\/\/www.reinhartrealtors.com\/blog\/wp-content\/uploads\/2016\/05\/HouseSoldSign.png\" alt=\"\" width=\"640\" height=\"469\" srcset=\"https:\/\/165commons.reinhartrealtors.com\/blog\/wp-content\/uploads\/2016\/05\/HouseSoldSign.png 640w, https:\/\/165commons.reinhartrealtors.com\/blog\/wp-content\/uploads\/2016\/05\/HouseSoldSign-300x220.png 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><br \/>\n<strong><u>National Home Sales <\/u><\/strong><br \/>\nThe\u00a0<em>National Association of Realtors (NAR)<\/em>\u00a0recently released their latest\u00a0<a href=\"http:\/\/www.realtor.org\/news-releases\/2016\/04\/existing-home-sales-spring-ahead-in-march\"><em>Existing Home Sales Report<\/em><\/a>, which revealed that in the Northeast and Midwest, existing-home sales bounced back in March and remained slightly up from a year ago.\u00a0 Total\u00a0existing-home\u00a0sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, jumped 5.1 percent.<br \/>\nProperties typically stayed on the market for 47 days in March, a decrease from 59 days in February.<br \/>\nThe median price in the Midwest was $174,800, up 7.0 percent from a year ago.<br \/>\n&nbsp;<br \/>\n<strong><u>Local Homes Sale<\/u><\/strong><br \/>\nAnn Arbor is one of the hottest real estate markets in the state of Michigan. \u00a0Buyer demand is increasing as the\u00a0<a href=\"http:\/\/www.keepingcurrentmatters.com\/2016\/04\/20\/thinking-of-selling-the-market-needs-your-listing\/\">inventory of homes available<\/a>\u00a0for sale remains low. With 36% of homes selling\u00a0in 10 days\u00a0or less, and 56%\u00a0within 30 days\u00a0or less, buyers will need to be diligent, patient and also prepared to move quickly when the right home pops up.<br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7427\" src=\"http:\/\/www.reinhartrealtors.com\/blog\/wp-content\/uploads\/2016\/05\/Buyer-Ratio.png\" alt=\"Listings Per Buyer Ratio\" width=\"640\" height=\"349\" srcset=\"https:\/\/165commons.reinhartrealtors.com\/blog\/wp-content\/uploads\/2016\/05\/Buyer-Ratio.png 640w, https:\/\/165commons.reinhartrealtors.com\/blog\/wp-content\/uploads\/2016\/05\/Buyer-Ratio-300x164.png 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><br \/>\nIn the under $250,000 markets, where the inventories are the tightest, values per square foot jumped 8% over the first quarter of 2015. In the $250,000-$500,000 markets, with both sales and inventories rising, values rose just under 4%. In the over $500,000 markets both For Sale inventories and sales increased as well, while values per square foot took an unexpected jump of close to 10%.<br \/>\nOverall, in the Ann Arbor area the first quarter trends still show strong buyer demand across all price points.\u00a0 Inventories are tight with a strong seller\u2019s market under $250,000, while in the $250,000-$500,000 price point it is a seller\u2019s-neutral market. We are moving towards a buyer\u2019s market over $500,000.<br \/>\n&nbsp;<br \/>\nIf you are thinking about buying or listing your home for sale this year, meet with a <a href=\"http:\/\/www.reinhartrealtors.com\/agents\/?realtor_name=0\" target=\"_blank\" rel=\"noopener\">local real estate professional<\/a> who can help you take advantage of current market conditions.<br \/>\nSources :<br \/>\n<a href=\"http:\/\/www.realtor.org\/news-releases\/2016\/04\/existing-home-sales-spring-ahead-in-march\" target=\"_blank\" rel=\"noopener\">National Association of Realtors<br \/>\n<\/a><a href=\"https:\/\/ourcompanynews.wordpress.com\/2016\/04\/29\/washtenaw-county-monthly-market-update-for-april-2016-by-dan-elsea\/\" target=\"_blank\" rel=\"noopener\">Real Estate One<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>National Home Sales The\u00a0National Association of Realtors (NAR)\u00a0recently released their latest\u00a0Existing Home Sales Report, which revealed that in the Northeast and Midwest, existing-home sales bounced back in March and remained slightly up from a year ago.\u00a0 Total\u00a0existing-home\u00a0sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, jumped 5.1 percent. Properties typically stayed [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":7448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,7,30,2,12,14],"tags":[5,1330,1331,1332],"class_list":["post-7425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ann-arbor","category-chelsea","category-real-estate","category-announcement","category-saline","category-ypsilanti","tag-ann-arbor","tag-existing-home-sales","tag-national-association-of-realtors","tag-spring-real-estate-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spring Real Estate Trends in Ann Arbor Area - Reinhart<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/2008norfolk1.reinhartrealtors.com\/blog\/spring-real-estate-trends-in-ann-arbor-area\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spring Real Estate Trends in Ann Arbor Area - Reinhart\" \/>\n<meta property=\"og:description\" content=\"National Home Sales The\u00a0National Association of Realtors (NAR)\u00a0recently released their latest\u00a0Existing Home Sales Report, which revealed that in the Northeast and Midwest, existing-home sales bounced back in March and remained slightly up from a year ago.\u00a0 Total\u00a0existing-home\u00a0sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, jumped 5.1 percent. Properties typically stayed [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/2008norfolk1.reinhartrealtors.com\/blog\/spring-real-estate-trends-in-ann-arbor-area\/\" \/>\n<meta property=\"og:site_name\" content=\"Reinhart\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ReinhartRealtors\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-12T20:32:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/2008norfolk1.reinhartrealtors.com\/blog\/wp-content\/uploads\/2016\/05\/HouseSoldSign.png\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"469\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Charles Reinhart Company\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@charlesreinhart\" \/>\n<meta name=\"twitter:site\" content=\"@charlesreinhart\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Charles Reinhart Company\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/2008norfolk1.reinhartrealtors.com\/blog\/spring-real-estate-trends-in-ann-arbor-area\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/2008norfolk1.reinhartrealtors.com\/blog\/spring-real-estate-trends-in-ann-arbor-area\/\"},\"author\":{\"name\":\"Charles Reinhart Company\",\"@id\":\"https:\/\/5801annarborsaline.reinhartrealtors.com\/blog\/#\/schema\/person\/262582931189423f848ac51118fd84ac\"},\"headline\":\"Spring Real Estate Trends in Ann Arbor Area\",\"datePublished\":\"2016-05-12T20:32:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/2008norfolk1.reinhartrealtors.com\/blog\/spring-real-estate-trends-in-ann-arbor-area\/\"},\"wordCount\":307,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/5801annarborsaline.reinhartrealtors.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/2008norfolk1.reinhartrealtors.com\/blog\/spring-real-estate-trends-in-ann-arbor-area\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/165commons.reinhartrealtors.com\/blog\/wp-content\/uploads\/2016\/05\/HouseSoldSign.png\",\"keywords\":[\"Ann Arbor\",\"Existing Home Sales\",\"National Association of Realtors\",\"Spring Real Estate Market\"],\"articleSection\":[\"Ann Arbor\",\"Chelsea\",\"Real Estate\",\"Reinhart Announcements\",\"Saline\",\"Ypsilanti\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/2008norfolk1.reinhartrealtors.com\/blog\/spring-real-estate-trends-in-ann-arbor-area\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/2008norfolk1.reinhartrealtors.com\/blog\/spring-real-estate-trends-in-ann-arbor-area\/\",\"url\":\"https:\/\/2008norfolk1.reinhartrealtors.com\/blog\/spring-real-estate-trends-in-ann-arbor-area\/\",\"name\":\"Spring Real Estate Trends in Ann Arbor Area - 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