What Are Absorption Rates and How Do They Affect You?

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    Ann Arbor is quickly becoming a very attractive place to live. We have one of the hottest real estate markets in the nation (the ninth hottest, to be exact).

    We’re seeing 10% more homes listed this year, and they’re also selling for 2-3% more than they were last year. This means that you stand to make a nice profit if you choose to sell a home this year, and if you buy you can expect some nice appreciation on your investment.

    6.9

    One major factor to look at before you sell in Ann Arbor is the absorption rate. The rate right now is 6.5%, and this means that if no more new homes came onto the market, it would take 6.5 months for those homes to sell.

    However, this is only part of the picture because certain neighborhoods and certain price ranges will be worth more than others. That’s why if you want more detailed information on this market you should contact us.

    Now is the time to get into the market before it gets saturated with other buyers and sellers. Please reach out to me for more information.

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