September 2009 Traverse City Home Sales

I am very delayed in posting but below you will find the sales data for September, 2009 within the Traverse City 5-county area (Grand Traverse, Leelanau, Antrim, Kalkaska, Benzie).

5-County AreaSold HomesDollar VolumeAverage PriceMedian Price

SEPT. 2009197$38,862,024 $197,269$136,000
AUGUST 2009188$34,928,520 $185,790$179,200

SEPT. 2008

150$31,878,540 $212,524


Similar to previous months more homes are selling than in the month before (August) and when compared to September 2008 there were 11% more sales. Dollar volume is way up for September, 2009 while median price still lags behind due to a high volume of first time home buyers becoming home owners.

This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from September 2008, August 2009, and September 2009. Undisclosed sales are not included in the data.

-Jonathan Oltersdorf