Just like the residential market in Ann Arbor, the condo market saw a reduction of the number of listings that came on the market in March by 47%.

The average sales price of condo's in Washtenaw County was $145,930. That is down over 28% since March of 2007. The number of closing is down 12%.

With both those things declining, sellers are noting that the lower priced condo's are selling faster. Buyers are very picky and with so many units on the market, they have a chance to be extremely picky. Sellers need to contantly be aware of the number that are selling and what the selling price is. It is advised that you consult with a professional Realtor who will keep you updated as to the changes on a monthly basis.

Data obtained my Big House Data LLC, in Ann Arbor, Mi from the Ann Arbor Board of Realtors.