Are buyers active in Ann Arbor?

{ "answer": "Buyers in Ann Arbor are still active, but they are being more cautious and taking their time. The number of homes going under contract is lower compared to last year, suggesting less urgency from buyers. There are more homes available for buyers to choose from right now. Active listings have grown by 25.1% over the past year, reaching 927 homes. This means buyers have a wider selection than they did a year ago. Homes are staying on the market longer before selling. The median days on market is 48, which is 14.5% longer than a year ago. This gives buyers more time to consider their options. Fewer new homes are coming up for sale, with new listings down 10.3% from last year. However, the overall supply has increased because homes are not selling as quickly. While buyers are still making offers, the pace is slower. The pending ratio, which shows how many homes are going under contract compared to active listings, is 0.46, down 13.4% from last year. This indicates less competition among buyers. For buyers, this means more choices and more time to find the right home without as much pressure. It's a good time to thoroughly evaluate properties and make an informed decision." }