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Washtenaw 7-Year Sale Index

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Summary

Closed sales are up by 15% (through March 9th), despite a 32% YOY decline in inventory. With rising values and fewer entry-priced sales in the mix, average sale price is up 9%. New pendings have been up 7% YTD, but new listings down 10%. The growing inventory shortage is stifling sales. Closed sales, which were up 23% YOY in January, were up by just 7% in February. YOY monthly price margins are also shrinking.

Monthly Activity

Washtenaw SF/Condo YOY Summary

201920202021+/-
YTD Units53355463915%
YTD Vol (million)$170.2$172.9$218.026%
Avg Price$319,323$312,172$341,2339%
Avg $/SF$179$177$1907%
Avg SF1,7841,7621,7962%

Washtenaw SF-Condo Inventory

Screen Shot 2021-03-25 at 8.52.12 PM

Weekly New Listings

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Weekly New Pendings

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