Weekly Market Statistics - 04/29/2014 thru 05/04/2014 04/29/2014 thru 05/04/2014 288 New Listings 62 Closed Sales 281 Pending Sales By Classification 49 Residential $22,000 to $1,050,000 Median $180,000 Mean $228,727 08 Vacant Land $10,000 to $625,000 Median $23,250 Mean $128,562 5 Commercial $14 sf Lease to $375,000 Sales by Location 10 Antrim County 04 Benzie County 39 Grand Traverse County 01 Kalkaska County 07 Leelanau County 01 Wexford County Expired Listings 77 Year over Year Comparison for Grand Traverse County on & off water homes Off Water Homes All Values Current Listings Sales 05/13 to 05/14 1,060 05/12 to 05/13 1,143 Average DOM 125 or 4.2 Months Value Direction Up 9.8% Market Activity Down 7.3% Inventory Supply 6.09 Months Direct Water Homes All Values Current Listings 165 Sales 05/13 to 05/14 146 05/12 to 05/13 180 Average DOM 186 or 6.2 Months Value Direction Up 6.3% Market Activity Down 18.9% Inventory Supply 13.5 Months The market sputters on reduced sales and stable pending activity. For the first time in several months inventory levels have stopped contracting and begun to rise. Certainly not bad news but certainly not a banner year either. There are some red flags in terms of market trends, if youre a seller I would not wait and get serious about generating a sale. Thank you Robert Reamer for your thoughts on market conditions and compiling the data.
Posted on: Mon, 05 May 2014 11:37:46 +0000
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