Traverse City MI Area Real Estate Market Report by Porter Blattenberger

The Traverse City area real estate market is definitely improving, homes are selling!

 According to the Traverse Area Association of Realtors, for our five county area, the 2012 median sales price was up 8.2% over 2011 and the number of sales were up whopping 26.1%.

Interest rates are hovering around 3.5% for a 30 year fixed rate loan. Some experts are predicting an increase to about 4.5% by the end of the year. Couple that to the increasing average sales price and it is pretty clear that now is a good time to buy!  To search properties Click here.

 The number of homes on the market has shrunk to the lowest level in years and the average days on the market has also decreased proving that demand for good homes is high. In fact my last 3 new listings were under contract in less than a week! So if you are considering selling, email me, or call Porter Blattenberger at 231 590-8740, you may be surprised how quickly the market is changing.

 

Porter Blattenberger

Porter Blattenberger

Agent
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