Weekly Market Statistics – 10/5/14 thru 10/12/2014 Steady week on 83 sales with a modest rise in pending activity. Year over year numbers are somewhat soft running slightly behind last year. 141 New Listings 83 Closed Sales 275 Pending Sales By Classification 63 Residential $60,000 to $1,300,000 Median $200,000 Mean $290,201 14 Vacant Land $12,500 to $357,000 Median $18,500 Mean $65,250 06 Commercial $550 Lease to $615,000 Sales by Location 14 Antrim County 04 Benzie County 41 Grand Traverse County 05 Kalkaska County 19 Leelanau County 00 Wexford County Expired Listings 39 Year over Year Comparison for Grand Traverse County on & off water homes Off Water Homes All Values Current Listings 628 Sales 10/13 to 10/14 1,073 10/12 to 10/13 1,170 Average DOM 121 or 4.0 Months Value Direction Up 12.6% Market Activity Down 1.3% Inventory Supply 7.1 Months Direct Water Homes All Values Current Listings 204 Sales 10/13 to 10/14 160 to 10/12 to 10/13 173 Value Direction Down 1.8% Market Activity Down 7.5% Inventory Supply 15.3 Months Thanks to Robert Reamer for compiling the data and providing his outlook on the market.
Posted on: Tue, 14 Oct 2014 14:03:58 +0000
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