The 2012 year-end (January 1 – December 31) home sales data for Grand Traverse County has been posted in the charts above. The home sales statistics compare real estate housing sold in Grand Traverse County from January 1, 2012 through December 31, 2012 to the same time period in 2011, 2010, and 2009. This includes the townships of Acme, Blair, East Bay, Fife Lake, Garfield, Grant, Green Lake, Long Lake, Mayfield, Paradise, Peninsula, Union, Whitewater, and the City of Traverse City.
As you will notice in the housing sales data posted above, 2012 residential real estate sold in Grand Traverse County increased significantly compared to 2011 in terms of Average Selling Price (+ 9.70 %) and Median Sale Price (+8.15 %). We also saw a $78 Million Dollar increases in total Residential Sales Volume (+ 39.02 %). WOW! Residential Units Sold in Grand Traverse County increased by 294 homes (+ 26.73 %) over final 2011 year-end numbers.
Clearly the Traverse Area Real Estate market has rebounded and although home values are still relatively flat the amount of homes selling and total sales volume has increased rapidly compared to 2011, 2010, and 2009. If the supply of single family houses for sale continues to decrease look for home prices to start to gradually increase throughout 2013.
This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2009-2012. Undisclosed sales are not included in the data. This is for basic review purposes only. All attempts for accuracy have been made but cannot be guaranteed.