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.