Using data provided by the Ann Arbor Area Board of Realtors, prices are improving in 2011 as compared with 2010. Through July 31, 2011 the average sale price for residential transactions within the Ann Arbor School District was $301,609 as compared with $287,471 for the same period in 2010. The median price for 2011 is $246,150 while in 2010 the median was $237,500.  This is a result of a slight reduction in the inventory of available homes for sale. Total sales units so far in 2011 stand at 536 while in 2010 we sold 545 residential properties through the end of July. Based on prior year’s experience, residential home sales units should finish the year at a pace that is approximately equal to 2010.