Traverse City - Weekly Market Statistics - June 4, 2012

This weeks market report brought to us by Bob Reamer. We had a small slow down but it appears that we are poised for a fabulous summer market.



Weekly Market Statistics

05/28/2012 thru 06/03/2012

208 New Listings
66 Sold Listings

Sales By Classification
44 Residential $9,300 to $1,159,500 Median $159,000 Mean $242,193
15 Vacant Land $5,000 to $255,000 Median $20,000 Mean $51,916
7 Commercial $800 (lease) to $565,000

Sales by Location
11 Antrim County
4 Benzie County
28 Grand Traverse County
9 Kalkaska County
12 Leelanau County
1 Wexford County
1 Outside Areas

Expired Listings 176

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

Off Water Homes All Values
Current Listings 721
Sales 06/10-06/11 801 06/11-06/12 803
Average DOM 160 or 5.3 Months
Value Direction Up 2.1%
Market Activity Up 1.0%
Inventory Supply 10.8 Months

Direct Water Homes All Values
Current Listings 238
Sales 06/10-06/11 114 06/11-06/12 153
Average DOM 229 or 7.6 Months
Value Direction Up 18.9%
Market Activity Up 34.2%
Inventory Supply 18.7 Months

The market slowed somewhat to 66 sales last week. With record low interest rates and rising demand, the summer is looking to be the best market we have seen in several years. Have a great week.

"You will stand out in your field if you are more driven by excellence than your competition" Chris Brady

Sincerely,
Robert J. Reamer
Real Estate Expert Since 1978
Certified General Appraiser

Phone: 231.649.0877
Fax: 231.333.5078
Email: bob@teamreamer.com
website: www.setpointptc.com
website: http://www.the-team.biz/39885411/Home.aspx