Ann Arbor Area Board of REALTORS®
2012 was a very good year for residential real estate sales. Sales of residential properties were up 9.2
percent, compared to 2011. The average sale price was $210,616, an increase of 8.3 percent over last
year. Dollar volume for the year was up 19.2 percent, reflecting the increased market activity and higher
sale prices. Sales of condos were up 12.7 percent over last year.
Research by the National Association of Realtors shows that the 2012 housing affordability index was the
highest on record since recording began in1970. The index is based on the relationship between median
home price, median family income and average mortgage interest rate. 2013 is expected to be the third
best on record in terms of household buying power.
The “Monthly Housing Statistics” published each month by the Ann Arbor Area Board of
REALTORS® represent the housing activity of the Multiple Listing Service and not necessarily all
the housing activity that has occurred in Washtenaw County.
Days on market (DOM) figures are indicated only for that particular current listing. If the property
was taken off the market and then re-listed, the count starts over and would not necessarily
reflect the total days the property has been available for purchase since it was first made available.
Based on information from the Ann Arbor Area Board of REALTORS Multiple Listing Service for the stated period. Areas are based on school district.