Traverse City News and Events

May Home Sales Surge To New Highs

June 10, 2019

May showed a resurgence in real estate sales, which had been lagging for several months compared with previous years. The five-county region posted 309 residential sales for the month, compared with 276 for 2018. That is the largest number of sales dating back at least as far as 2011, with only the 303 sales in 2016 and 300 in 2013 coming close. The dollar volume similarly eclipsed previous records for the month, with a total of $92,691,994; a year ago it was nearly $20 million less, at $73,032,357. That figure was topped only by the $77,780,532 of 2016.
 
Every county had both more sales and higher dollar volume, with the exception of Kalkaska County. Its 21 sales last month lagged behind the 28 in May of 2018, and its $2,948,500 was almost $1 million less that last year’s $3,936,250. Leelanau County had the same number of sales, 39, but this year’s $15,672,750 topped the figure for May 2018 of $13,410,825. The average number of days a property is on the market continues to decrease as it has for nearly every year, to a low of 106 days.

Comment

County Commissioners Talk Airport Expansion, Bonds

Read More >>

Area Home Sales Up In October

Read More >>

Traverse City Comedy Fest Returns in 2026; Gary Gulman Announced as First Headliner

Read More >>

Land Of 9,000 Airbnbs: Northern Michigan's Short-Term Rental Market, By The Numbers

Read More >>

Rotary Charities Grants $400,000 to 10 Northern Michigan Initiatives

Read More >>

Ness Named Mayor Pro Tem; Commission Makes Board Appointments

Read More >>

'Do What's Right:' Bill Newman And The Last of The Greatest Generation

Read More >>

Anxiety, Screens & Self-Esteem

Read More >>

What's Next For Mt. Holiday? New Leader Talks Upgrades, Future Programming

Read More >>

Virtual Reality: The Key To Better Drunk Driving Prevention?

Read More >>

TC Light & Power Prepares to Move to Time-of-Use Rates

Read More >>

Traverse City Central, Kingsley Clinch District Titles In Football

Read More >>

County Commissioners Approve New MSU-E Home, Near Project Alpha Design

Read More >>

Food Pantry Demand, Community Initiatives Are Up Ahead Of Thanksgiving

Read More >>