Tuesday, November 13, 2007

Board of Realtors Market Statistics

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The Ann Arbor Area Board of Realtors has released their overall market statistics for October, 2007.

A quick review of the statistics shows that listings are down about ten percent compared with October of last year. Sales are down about eleven percent.

At the same time, the number of homes where the sellers have accepted a sales agreement increased from 55 in October, 2006 to 71 in October, 2007. This is a good omen for the future.

1 comment:

Todd Waller said...

Vance,

These are great stats to be looking at as they concern the welfare of agents within the Ann Arbor Area Board, but can you explain how this affects the well-being of the consumers of real estate services in Washtenaw County? What if an agent from AAABoR sells a home in Detroit? Isn't this counted in the AAABoR stats?

My firm, Big House Data, supplies housing market information that focuses simply on Washtenaw County. You should consider a subscription. =)