Weekly Market Statistics 07/07/2014 thru 07/13/2014 175 New Listings 74 Closed Sales 300 Pending Sales By Classification 59 Residential $1,000 (lease) to $895,000 Median $190,000 Mean $240,853 14 Vacant Land $14,500 to $820,000 Median $45,900 Mean $122,800 1 Commercial $165,000 Sales by Location 14 Antrim County 09 Benzie County 35 Grand Traverse County 02 Kalkaska County 11 Leelanau County 03 Wexford County Expired Listings 30 Year over Year Comparison for Grand Traverse County on & off water homes Off Water Homes All Values Current Listings 654 Sales 07/13 to 07/14 1,060 07/12 to 07/13 1,159 Average DOM 122 or 4.1 Months Value Direction Up 9.6% Market Activity Down 3.3% Inventory Supply 7.4 Months Direct Water Homes All Values Current Listings 207 Sales 07/13 to 7/14 158 to 07/12 to 7/13 173 Value Direction Up 7.4% Market Activity Down 8.6% Inventory Supply 15.7 Months Steady activity with 74 closed sales last week, not much change from what has been happening over the last 3 months. As gas prices moderate due to rising domestic production and interest rates are near 12 months lows things are setting up for a rise in market activity, lets see what happens. I look for a strong market between now and winter, sellers should have a good opportunity as buyer demand rises.
Posted on: Tue, 15 Jul 2014 15:38:29 +0000
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