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Traverse City Real Estate Market Update/Statistics

As of the end of the 3rd Quarter 2014 the Traverse City area Real Estate Market continues to rebound nicely with values and average & median sales prices on the rise and days on the market on a decline.

Year to date through Sept. 30,2014 over the same time frame 2013  the 5 county area  ( Grand Traverse, Leelanau, Benzie, Antrim, & Kalkaska counties) have seen an 8.26% increase in average sales price and 9.51% increase in Median sales price average days on market falling by 15 days on average. 

The 3rd quarter numbers show an increase of 5.12% in average sales price, 5.29% in median sales price and a decline of 9 days on the market.

Actual numbers of sales (transactions) are almost level with 2013 both for the 3rd quarter and year to date.

This is great news for the local real estate market, our local economy and certainly for sellers.   If you are considering buying ...now is the time as you see the values are on the rise, inventory selection is down creating a greater buyer demand and interest rates are still close to all time lows.   Even a slight rise in values and interest rates can decrease  your $$$'s of buying power greatly.

So if you are considering buying or selling it's a great time to do so!

You can view all Traverse City area Real Estate Listings, community information etc at www.c21jb.com

 

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