Traverse City - Weekly Market Statistics - May 12, 2013

Our Traverse City Real Estate Market is holding steady

Activity and pricing is up on most market segments

Thinking about buying or selling?

Call today and speak to one of our specialists  231-944-9906

Weekly Market Statistics

       05/06/2013 thru 05/12/2013

214 New Listings

74 Sold Listings

304 Pending 

Sales By Classification

56  Residential $22,180 to $572,500 Median $147,450 Mean $195,868

12  Vacant Land $5,000 to $318,000 Median $51,250 Mean $59,583

06  Commercial $2,400 (Lease) to $200,000

Sales by Location

07 Antrim County

04 Benzie County

43 Grand Traverse County

06 Kalkaska County

13 Leelanau County

01 Wexford County

Expired Listings   54

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

Off Water Homes All Values 

 Current Listings        563

 Sales                         05/12 to 05/13  1,041  05/11 to 05/12  872

 Average DOM            140 or 4.7 Months

 Value Direction          Up 7.8%

 Market Activity           Up 19.3% 

 Inventory Supply        6 .5 Months

Direct Water Homes All Values

 Current Listings       184

 Sales                        05/12 to 05/13  171  05/11 to 05/12  162

 Average DOM           211 or 7.0 Months

         Value Direction         Down 3.0%

         Market Activity          Up 5.5%

         Inventory Supply      12.9 Months  

Steady week with 74 sales. The market seems to be somewhat stable from week to week with no major moves up or down in terms of activity at the moment.