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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.