Weekly Market Statistics- 01/20/2014 thru 01/26/2014 Sales slow, pending activity rises. The snow and cold is certainly not helping the market. Historically during times of normal winter weather it would be mid February before activity really starts to pick up, this could very well be one of those years. Inventory levels continue to decline down to 5.4 months in off water homes which is a very tight market. Sellers have a great opportunity to beat the competition before spring. 137 New Listings 42 Closed Sales 238 Pending Sales By Classification 29 Residential $71,500 to $935,000 Median $150,000 Mean $216,351 11 Vacant Land $7,000 to $200,000 Median $27,500 Mean $53,681 2 Commercial $905 Lease to $178,000 Sales by Location 05 Antrim County 03 Benzie County 24 Grand Traverse County 04 Kalkaska County 04 Leelanau County 02 Wexford County Expired Listings 39 Year over Year Comparison for Grand Traverse County on & off water homes Off Water Homes All Values Current Listings 500 Sales 01/13 to 01/14 1,111 01/12 to 01/13 1,031 Average DOM 128 or 4.2 Months Value Direction Up 10.6% Market Activity Up 7.8% Inventory Supply 5.4 Months Direct Water Homes All Values Current Listings 149 Sales 01/13 to 01/14 143 01/12 to 01/13 186 Average DOM 193 or 6.4 Months Value Direction Up 4.8% Market Activity Down 23.1% Inventory Supply 12.5 Months Thanks Rob Reamer for your thoughts on the market and compiling the data.
Posted on: Mon, 27 Jan 2014 15:03:23 +0000
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