The Ann Arbor May report is posted on AnnArborRealEstate.com and you may find it helpful. Pending sales are up 20% and also showing some growth and increases -that's why I posted :)

Sandy Brode Broker Associate Keller Williams Ann Arbor

Hi JL, are you in the west side or the Old West Side ? Pricing will depend on location, condition etc.
The homes near downtown have declined about 10-14%, parts of Ann Arbor even more. The outer county of Washtenaw even more. You need a professional Realtor to guide you through the process, do a market analysis based not just on solds but all the homes you will compete with

Hello J.L.,
The Westside is holding tightly(in fact there is data to show that lately it is rising(as is interest in the area)).My Open House on 5/4 at 1643 Franklin had 10 sets of people looking at it
Every area of Ann Abror is holding differently, the first to answer your question was Jackie and she is right on! But the cool news for A2 owners is that some parts of A2 are in fact climbing (slowly).

Wow Gary, that was quite a dig to myself and my co-workers... .
If you know the market and go to the link you suggested I think you will find the data to be off. I can not see A2 to be off by 20% in this short period. I know data doesn't lie. But in this case it is the old garbage in garbage out problem. It has to do with the level of houses sold not a paired a sale event. Here's a paired sale for you to consider on the Eastside a house sold for $305k in 2004 and later sold for $278 in 2008. So to me this looks like 10% or less.

I wish you luck in your quest for good information.

J.L., Good question. Sorry to see other agents do not take the time to learn about the Trulia website and all the information available.

Simply click on Stats and Trends from the top menu and you can view this information
http://www.trulia.com/real_estate/Ann_Arbor-Michigan/#stats_…

As with any market, the better kept homes retain their value. Those that have fallen into disrepair or are unfortunately being foreclosed may have decreased in value.

A real estate professional working as a Buyer's Agent would be the only person that could give you sound advice and that would vary by home or unit. I would be willing to offer some suggested agents that specialize in the U of M area. In the mean time, please take a moment to review Real Estate Agency Disclosure and Buyer's Agency Contract sample forms on the website below.

Hi J.L. Check out this link to the Ann Arbor Area Board of Realtors market statistics. The archives are all there, very useful numbers: http://aaabor.com/news/area_housing_statistics/
Of course, every house has it's own story, so what's true in general may not be true for whatever specific house you're comparing.

Hi J. L.,

The west side prices (within 10 blocks of downtown) have stayed fairly strong. At most, I would say a 10% price reduction. Infill homes (new or old made new) have actually garnered a premium. Obviously your motivation to sell will be key to pricing. If you are just fishing, price it high and see if you get a taker. If condition is excellent then maybe you might get it. Any buyer with an agent is going to look at the lowest comparable and use to make their offer. Feel free to contace me to discuss further-734-761-3060 Jackie