Traverse City News and Events

April Real Estate Sales Figures In

May 22, 2019

Sales figures for April show a slowdown in real estate sales, both in terms of the number of homes sold and in the dollar volume generated. The 219 sales in the five counties totaled $62,932,328, at an average price of $287,362; that compares with last year’s total of 240 homes for $69,966,020, an average price of $291,525. The latter two figures represent the high water mark for sales, as do the figures for each of the counties, though the total number of homes sold in April peaked at 254 in 2016. Only Benzie County’s April sales topped last year’s mark, 20 to 19 and $4,862,200 to $3,492,700.
 
The greatest discrepancy came in the segments between $200,000 and $249,999, where 2018 sales outstripped this year, 45 to 33, and $300,000 to $499,999, with sales of 51 in April 2018 compared to 42 this past month. The average number of days a property was on market did hit a new low, at 123 days. Grand Traverse County led with way with an average of 100, while Leelanau County had the largest decrease, from 207 DOM in April 2018 to 133 this year. 

Comment

Residents Weigh In: What Surveys Say About GT County, Peninsula Township

Read More >>

Suspect Named in Meijer Kidnapping Case

Read More >>

Elk Rapids Harbor Days Rescheduled For 2026; Festival Will Occur One Week Later Than Normal

Read More >>

Garfield Township Updates: YMCA Expansion, High Tops, Oleson Property

Read More >>

Join Us for a Special December Recess of Giving at the TC Phil!

Read More >>

Northern Michigan's Toys for Tots Network Braces for Record Need

Read More >>

DDA Board Approves Farmers Market Design, Two-Way State Street, Rotary Square Engineering

Read More >>

Man Arrested for Attempted Abduction at Meijer Gas Station

Read More >>

Everything You Ever Wanted To Know About Traverse City's Downtown Christmas Tree

Read More >>

Brilliant Books Filing for Bankruptcy; No Fulfillment for Orders/Subscriptions or Refunds

Read More >>

Kingsley Had A Big Sports Weekend

Read More >>

Developments Move Forward in Boardman Lake District

Read More >>

New Legislation Would Allow Communities To Impose Extra Tax On Hotels, Short-Term Rentals For Infrastructure And Essential Services

Read More >>

Munson Awarded $2.5 Million Grant for Homelessness Care

Read More >>