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

New Test Range Designation For Camp Grayling Could Turn Traverse City Into A Drone Tech Epicenter

Read More >>

Food Insecurity Doesn't Take a Summer Break

Read More >>

Lakebed 2030 Conference Upcoming

Read More >>

More Than The Sum Of Its Parts: Cherry Capital Men's Chorus Hits 60 Years

Read More >>

Two-Way State Street Tweaks Coming

Read More >>

Northern Michigan Wins Big With Michigan Natural Resources Trust Fund Grants

Read More >>

TVC Charts Long-Range Plans

Read More >>

Health Department Warns Of Rabies-Positive Bat Found In Local Residence

Read More >>

Child and Family Services Announces New Director

Read More >>

FishPass Enters Final Construction Stretch

Read More >>

Interlochen Announces 2026-27 Arts Academy Events Lineup

Read More >>

‘Nighttime Detour’ Announced For US-31 Next Week

Read More >>

Driver Killed in Peninsula Township Crash

Read More >>

City Manager Talks Building 'A Consortium Of Communities' To Advocate For New Tourism Tax

Read More >>