Welcome to Traverse City Area Real Estate Sign in | Help

Traverse City Real Estate Blog

Traverse City Real Estate Blog, Traverse City real estate information, Traverse City area events and information, real estate market information

Archives

Traverse City Real Estate Weekly Market Report

Weekly Market Statistics

09/03/2012 thru 09/09/2012

177 New Listings

102 Sold Listings

279 Pending

Sales By Classification

84 Residential $35,000 to $613,000 Median $167,500 Mean $196,533

17 Vacant Land $6,000 to $460,000 Median $42,000 Mean $102,111

1 Commercial $115,000

Sales by Location

05 Antrim County

11 Benzie County

56 Grand Traverse County

12 Kalkaska County

15 Leelanau County

02 Wexford County

01 Outside Areas

Expired Listings 93

Year over Year Comparison for Grand Traverse County on & off water homes

Off Water Homes All Values

Current Listings 698

Sales 09/10-09/11 828 09/11-09/12 910

Average DOM 149 or 4.9 Months

Value Direction Up 2.7%

Market Activity Up 9.9%

Inventory Supply 9.2 Months

Direct Water Homes All Values

Current Listings 257

Sales 09/10-09/11 134 09/11-09/12 160

Average DOM 213 or 7.1 Months

Value Direction Up 4.7%

Market Activity Up 19.4%

Inventory Supply 19.3 Months

Market activity was up with 102 sales, inventory supplies continue to contract in both on and off water segments moving the market in the right direction.

Sincerely,
Robert J. Reamer

Real Estate Expert Since 1978

Certified General Appraiser

Comments

No Comments

Leave a Comment

(required)

(required)

(optional)

(required)

Comment Notification

Subscribe to this post's comments using RSS