Homes in West Ann Arbor are taking longer to sell in this rolling three-month view, with a median of 33 days on market, up sharply from a year ago. Even with this slower pace, the area is still considered a seller’s market, with only about two months of supply available.
Prices have edged higher over the past year, with the typical home value up modestly and the median list price also slightly above last year. Sales activity has picked up noticeably. More homes are being listed and sold compared with a year ago.
Inventory has expanded, with active listings up strongly year over year, yet West Ann Arbor still has tighter supply than the broader Ann Arbor market, which sits at about 2.7 months of supply. Homes are often still selling close to or above asking price, reflected in an average sale-to-list ratio just over 101 percent and more than 45 percent of recent sales closing above list. Compared with the city overall, West Ann Arbor’s typical home value is higher, underscoring its relative strength with buyers. With more new and pending listings coming onto the market, conditions offer opportunities for both buyers seeking options and sellers aiming to capitalize on solid demand, and Agent Pronto can connect either side with an agent who knows this area well.
