Year-end information for Washtenaw County home sales is now available.
Home sales dropped in number for 2007 when compared to 2006, dropping from 3,345 to 3,062 (or 8%) and condominium sales dropped from 761 in 2006 to 660 (13%) in 2007.
Sales volume (total dollar value of all sales) on houses went from $866,132,966 in 2006 to $766,375,165 - an 11.5% drop. In the condominium category, volume dropped from $135,160,039 to $119,784,350 - an 11.3% drop.
There was a 4% increase in 'fall throughs', homes under contract that never reached closing for one reason or another, and withdrawals from the MLS increased over 9% compared to 2006 (6,083 in 2006 vs. 6,652 in 2007).
Based on information from the Ann Arbor Area Board of REALTORS® Multiple Listing Service for 2007.
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