As summer ends we enter the fall selling season. Historically late September and October have generated some of the highest numbers for closed sales and this year should be a good one with the low rates. The market continues to struggle with up and down swings, however the overall trend is clearly improving. There is a strong possibility of inflation taking hold next year putting upward pressure on values making now an ideal time to consider a purchase. Have a great Labor Day weekend!!!
219 New Listings
61 Sold Listings
Sales By Classification
51 Residential $14,900 to $1,237,656 Median $133,500 Mean $202,972
9 Vacant Land $17,000 to $265,000 Median $43,000 Mean $82,666
1 Commercial $1,000 (Lease)
Sales by Location
5 Antrim County
4 Benzie County
28 Grand Traverse County
7 Kalkaska County
12 Leelanau County
3 Wexford County
2 Outside Areas
Expired Listings 78
Year over Year Comparison for Grand Traverse County on & off water homes
Off Water Homes All Values
Current Listings 869
Sales 8/09-8/10 913 8/10-8/11 780
Average DOM 150 or 5.0 Months
Value Direction Up 3.8%
Market Activity Down 14.5%
Inventory Supply 13.4 Months
Direct Water Homes All Values
Current Listings 314
Sales 8/09-8/10 114 8/10-8/11 121
Average DOM 205 or 6.8 Months
Value Direction Up 5.1%
Market Activity Up 6.1%
Inventory Supply 31.2 Months
The market slowed to 61 sales from 88 last week.
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