Traverse City, June 2009 Home Sales

I have gathered the sales statistics below for closed sales during June of 2009 and compared them to June of 2008 for the Traverse City 5-county area (Grand Traverse, Leelanau, Antrim, Kalkaska, Benzie).

5-County AreaSold HomesDollar VolumeAverage PriceMedian Price

JUNE 2009195$38,997,270 $199,986$143,000
JUNE 2008178$39,634,192 $222,664$149,751

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

As you can see home sales have actually increased 9.5% over last year although Median Price has decreased slightly and Average Price has decreased as well. There seems to be quite a bit of activity on the bottom end of the market. In comparison May 2009 had 166 residential units sold, so we are up over 17% from May to June in total unit sales. Also, as many people are curious about the foreclosure market, 57 bank owned properties were purchased in June, which is 29% of the total unit sales.

-Jonathan Oltersdorf