The 2016 year-end residential home sales data for Downtown Traverse City (within the city limits) has been posted in the charts above. The home sales statistics compare real estate housing sold in the City of Traverse City from January 1, 2016 through December 31, 2016 to the same time period in 2015, 2014, 2013, 2012, 2011, and 2010. This includes single family homes and condominiums only within the city limits.
Compared to last year Average Sales price increased +4.04%, Median Sales price increased +9.30%, Home Sales Volume has increase +3.44%, and total number of units sold has actually decreased -0.58% compared to 2015. For the 3rd year in a row there remains record low home inventory available in downtown Traverse City.
This report is based upon sales information obtained from the Traverse Area Multiple Listing Service from 2010-2016. 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.