Inventory of homes for sale in the Traverse City area finally picked up the last four weeks, according to statistics obtained through the Traverse City Area Multiple Listing Service. The T.C. area includes Antrim, Benzie, Grand Traverse, Kalkaska, Leelanau and Wexford counties.
Sales of area homes and commercial properties during the same period stayed mostly flat, with a slight increase in vacant land sales. Pending sales remain at 220+ properties.
For week ending 4/29, inventory of homes for sale rose again, to 251. (Too new to include in our report.)
Inventory gains are great news for those looking to buy a home this spring. The upward tick means the season is underway, which makes it a prime time to list your home and other property for sale.
Look at the below chart to view six weeks of real estate market activity in “your” county.