Traverse City News and Events

Home Sales Climbing Again

May 16, 2018

Statistics from the Traverse Area Association of Realtors show that home sales are on the rise compared with a year ago. In the five-county area, there were 240 sales in April 2018 and 220 a year ago. Those figures are both down from the high water mark of 2016, when a total of 254 homes were sold, and 2015 with 247 units sold. The year still wins out overall in dollar volume, with sales of $69,966,020. That compares with $55,288,576 in April 2017; both 2016 and 2015 figures were larger than that, but still more than $10 million below this year.
 
Among the individual counties, Grand Traverse boasted 135 home sales this April, up from 121 a year ago; 149 homes were sold in 2015, but at a volume of $35,275,477, compared with this April’s dollar volume of $39,980,710. Leelanau sales also topped last year, with 37 units vs. 31 and a whopping $16,737,610 compared to $9,509,650 in 2017. Figures for Benzie were down slightly, Antrim was up in units but roughly even in volume, and both were down in Kalkaska County. Median prices are up, especially in Leelanau, from $253,500 in April 2017 to $365,000 this year; overall the median is $232,000 vs. $203,237 last year.
 
All the current figures represent significant changes over the market six years ago, when the dollar volume was $36,094,774, $33 million less than this year. Median price was $144,500 in 2012 and days on market is down from 219 in 2012 to 136 this year.

Serving Patients With A Hammer And Saw

Read More >>

Taste Of Success To Debut Scholarship

Read More >>

Former NASA Astronauts To Visit TC For Events

Read More >>

Three Eighth Street Projects Approved

Read More >>

TCAPS Announces Young Fives Kindergarten

Read More >>

Michigan Tech Formalizes Partnership With Grand Traverse Region

Read More >>

Save The Date: Spring Fling Recess At Cambria

Read More >>

Artist Chosen For Clinch Tunnel Project; More Art Projects Proposed

Read More >>

New Traffic Signal Being Installed At US-31/Rennie School Road

Read More >>

Munson, Nurses Union Reach Tentative Three-Year Agreement

Read More >>

Cherryland Donates $15,000 To Local Charities

Read More >>

Sleeping Bear National Lakeshore Feeling Summer Housing Crunch

Read More >>

Police Stay Busy Over St. Pat’s Weekend

Read More >>

Underachiever On State Street

Read More >>