YES, residential home prices continue to trend upward!  If you listen to the national news media, you may find this hard to believe, but according to a recent report in Realtor.com, Ann Arbor's housing secor is "close to becoming a seller's market."

Higher sale prices reveal that year-to-date, we are up 2.5 percent over this time last year. 

Mortgage rates continue to remain low allowing you to affordably purchase more if you so choose. 

Employment in the area is improving as well.

If you have been sitting on the fence, now is the time to jump in.

Residential Statistics for November 2011
Location	New Listings	Sold	Avg Sale $	Avg  DOM
Ann Arbor	75	67	$317,024	68
Chelsea	17	8	$123,000	117
Dexter	20	11	$324,743	93
Lincoln	22	15	$126,033	61
Manchester	9	4	$215,500	60
Milan	14	7	$133,932	65
Saline	29	22	$289,081	90
Whitmore Lake	4	1	$178,500	17
Ypsilanti	21	15	$76,976	41

Condominium Statistics by School System -  November 2011
Location	New Listings	Sold	Avg Sale $	Avg DOM
Ann Arbor	30	23	$128,404	56
Chelsea	3	2	$103,500	12
Dexter	0	1	$72,500	119
Lincoln	1	1	$22,000	39
Manchester	2	2	$40,950	105
Milan	0	1	$155,000	260
Saline	1	1	$129,085	479
Whitmore Lake	0	0	$0	0
Ypsilanti	2	3	$65,050	6

*Based on information from the Ann Arbor Area Board of Realtors MLS for the stated period

Areas are based on school district.