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Traverse City Real Estate Market Statistics

Weekly Market Statistics

05/13/2013 thru 05/19/2013

303 New Listings

107Sold Listings

290 Pending

Sales By Classification

80 Residential $19,000 to $1,075,000 Median $156,200 Mean $213,681

22 Vacant Land $12,000 to $440,000 Median $79,000 Mean $97,527

05 Commercial $225 (Lease) to $285,000

Sales by Location

14 Antrim County

11 Benzie County

61 Grand Traverse County

08 Kalkaska County

13 Leelanau County

00 Wexford County

Expired Listings 56

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

Off Water Homes All Values

Current Listings 603

Sales 05/12 to 05/13 1,071 05/11 to 05/12 872

Average DOM 141 or 4.7 Months

Value Direction Up 7.7%

Market Activity Up 22.7%

Inventory Supply 6 .8 Months

Direct Water Homes All Values

Current Listings 194

Sales 05/12 to 05/13 173 05/11 to 05/12 162

Average DOM 211 or 7.0 Months

Value Direction Down 2.7%

Market Activity Up 6.7%

Inventory Supply 13.5 Months

Sales for the week broke over 100 with 107 transactions last week. Off water sales continue to gain momentum with rising prices in more market segments. Rural markets continue to struggle, although momentum is moving in the right directions. Activity will continue to build as confidence returns to the market.

"Don't squander your difficulties; wring every possible lesson out of them" Chris Brady

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