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Covid Rebound Update—SF and Condos
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The Washtenaw County markets, particularly Ann Arbor, have been more dramatically affected by Covid than most neighboring Southeast Michigan markets. Showings and new pendings drop quickly when negative Covid news is reported. Despite the Pandemic challenges, YTD closed units and volume are down by just 9% and 7% and the closed sales gap is shrinking—down from 26% on June 14th. Extreme low interest rates continue to provide great buyer and seller opportunities.
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