How is the Real Estate Market in the Ann Arbor Area for August/Fall 2026?
Inventory is up, days on market are up (especially for condos), median sales prices are flat to slightly up, mortgage rates are up, and affordability is down.
Disclaimer- No part of this was written by a third party or a robot.
What are the Trends Year-to-Date for the Ann Arbor area through August/fall?
Inventory is up, days on market are up (especially for condos), median sales prices are flat to slightly up, mortgage rates are up, and affordability is down.
Inventory of single-family houses is up 21.5% from a year ago in August. For condos, inventory is up 45% from a year ago.
Days on market are up 7.1 % to 30 days for single-family houses and up 84.8% to 61 days for condos for compared to August a year ago.
Median sales price for single-family houses is up 2.2% to $475,000 and up 6% to $355,000 for condos for August from a year ago.
Mortgage rates, at the time of writing, are 7.03%—up from this time last year.
Finally, affordability continues to be a challenge for both single-family houses and condos but condo affordability has improved year-to-date for the Ann Arbor area.
How has the Inventory of Properties for Sale Changed for the Ann Arbor area for August/Fall?
We have seen a double digit increase in the number of properties for sale the past three years in August with condos leading the way this year with a 45% increase.
As more properties come to the market, it does give buyers more choices and perhaps some negotiating power they did not have before especially for condos.
Sellers need to be thoughtful about pricing their properties and knowing what is currently for sale and has sold around them most recently.
How have Days on Market for Properties for Sale Changed for the Ann Arbor area for August/Fall?
Days on market has seen the largest increase in the past three years in August for both single-family and condos but much more for condos.
August is usually an active month before the school year starts and it was again this year but it took longer to sell on average this year compared to recent years.
Properties that are priced well and in good condition sell quickly and with multiple offers in many cases.
Pricing your property too high compared to very recently sold properties will take longer to sell and may require a price reduction.
How has the Median Sales Price for Properties for Sale Changed for the Ann Arbor area for August/Fall?
The median sales prices were up slightly for single-family houses and condos in August but down year-to-date for condos.
Median sales prices were up modestly in August.
There is definitely pressure on prices for condos more than single-family houses and the increased inventory of condos on the market isn’t helping.
How have Mortgage Interest Rates for Properties for Sale Changed for the Ann Arbor area for August/Fall?
30-year fixed mortgage interest rates have been staying near 7% and recently passed 7%.
Even though mortgage interest rates are higher than they have been in recent years they are about what they have been in the past if not lower.
What is different is the prices compared to wages in the past and the percentage of your income that it takes to own a property in the Ann Arbor area.
“Affordability is relative if you are moving from a higher cost of living area or your family has a higher income than average incomes in the area.”
How has Housing Affordability for Properties for Sale Changed for the Ann Arbor area for August/Fall?
Housing affordability has been in the news and for good reason as a greater share of the typical family’s income goes toward housing costs. In the chart below, the higher the number the greater the affordability.
Condos historically are more affordable than single-family houses.
The trend has been less affordability the past three years with condos generally the most affordable option.
Affordability is relative if you are moving from a higher cost of living area or your family has a higher income than average incomes in the area.
FAQ:
How is the inventory of properties for sale in the Ann Arbor area for August/Fall 2026?
The inventory for sale is up by double digits and significantly for condos giving buyers more choices but putting pressure on condo prices.
How are the number of days on market for properties for sale in the Ann Arbor area for August/Fall 2026?
The number of days on market are up for both single-family houses and condos but up much more for condos showing the market for condos is slowing.
How are the median sales prices for properties for sale in the Ann Arbor area for August/Fall 2026?
Median sales prices are up for August/Fall for the Ann Arbor area but down slightly for the year for condos.
How are interest rates for properties for sale in the Ann Arbor area for August/Fall 2026?
Interest rates are up and higher than they have been recently but about the norm historically if not lower.
How is affordability for properties for sale in the Ann Arbor area for August/Fall 2026?
Affordability has been dropping but improving for condos year-to-date.
Bottom Line For the Real Estate Market in the Ann Arbor Area for August/Fall 2026
Inventory is higher, days on market are climbing (especially for condos), median sales prices are flat to slightly up, mortgage rates are up, and affordability is down.
Buyers have more to choose from and slightly more negotiating ability especially for condos.
Sellers will need to be thoughtful about property condition and how they price the property to avoid longer days on market.
To your success!
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