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Washtenaw 7-Year Sale Index
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Summary
Closed sales are up by 15% (through March 9th), despite a 32% YOY decline in inventory. With rising values and fewer entry-priced sales in the mix, average sale price is up 9%. New pendings have been up 7% YTD, but new listings down 10%. The growing inventory shortage is stifling sales. Closed sales, which were up 23% YOY in January, were up by just 7% in February. YOY monthly price margins are also shrinking.
Monthly Activity
Washtenaw SF/Condo YOY Summary
| 2019 | 2020 | 2021 | +/- | |
| YTD Units | 533 | 554 | 639 | 15% |
| YTD Vol (million) | $170.2 | $172.9 | $218.0 | 26% |
| Avg Price | $319,323 | $312,172 | $341,233 | 9% |
| Avg $/SF | $179 | $177 | $190 | 7% |
| Avg SF | 1,784 | 1,762 | 1,796 | 2% |
Washtenaw SF-Condo Inventory
Weekly New Listings
Weekly New Pendings
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