Weekly Market Statistics – 10/13/14 thru 10/19/2014 Consistent activity with little change from last week. Overall looks like a good fall market heading into the winter months. With interest rates falling there will likely be an increase in buyer activity offering sellers a great opportunity over the next few weeks. 115 New Listings 71 Closed Sales 273 Pending Sales By Classification 54 Residential $28,000 to $1,100,000 Median $233,600 Mean $172,450 13 Vacant Land $5,125 to $535,000 Median $101,709 Mean $70,000 04 Commercial $1,425 Lease to $850,000 Sales by Location 12 Antrim County 11 Benzie County 31 Grand Traverse County 06 Kalkaska County 10 Leelanau County 01 Wexford County Expired Listings 82 Year over Year Comparison for Grand Traverse County on & off water homes Off Water Homes All Values Current Listings 635 Sales 10/13 to 10/14 1,087 10/12 to 10/13 1,170 Average DOM 122 or 4.1 Months Value Direction Up 12.6% Market Activity Down 1.3% Inventory Supply 7.1 Months Direct Water Homes All Values Current Listings 199 Sales 10/13 to 10/14 164 to 10/12 to 10/13 173 Value Direction Down 1.8% Market Activity Down 7.5% Inventory Supply 15.7 Months A big thanks to Rob Reamer for compiling the data and his thoughts on the market.
Posted on: Mon, 20 Oct 2014 17:16:13 +0000
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