Did the sun shine on the northwest Michigan real estate market this summer? There are some signs that the clouds are parting.
From June 1 to August 30, 2010, the Traverse Area Association of Realtors (TAAR) reports that Leelanau County boasted $31.5 million in total dollar volume sales of single-family homes. During that same period in 2009, the county tapped out at $19.8 million. (2008 brought in $28.8, and 2007, $27.4.)…….
Though Leelanau’s dollar volume boomed from last summer to this one, its total number of homes sold this summer increased only by three: from 68 (in 2009) to 71. The number sold in Grand Traverse actually dropped a smidge – from 302 in 2009 to 294 this summer………
And what about all that time homes are supposedly sitting for sale? The average was 184 days in Leelanau and 197 in Grand Traverse – both more than a month longer than 2007’s averages, when both counties saw homes sit for an average of 139 days or fewer……..
*This information was out of an article The Ticker published, to view the complete article go to http://www.theticker.tc/story/local-real-estate-s-obituary-was-premature