Local property sales are flat, but prices continue to rise

August 17, 2022

July home sales for the five county areas are down slightly from July 2021, but the decline was mostly felt in Leelanau County. did not. Grand Traverse and Benji counties both showed the same totals, 161 and 33 respectively. Meanwhile, in Kalkaska, home sales actually increased from 25 last year to 34. Leelanau County sales decreased from 61 to 43, while Antrim County sales decreased from 34 to 28.

However, sales prices continue to rise. Overall sales for the month were $139,696,359, up from last July’s total of $135,885,161. That brings the average price to $467,211, beating his $432,755 last year. Average home prices rose in all counties except Kalkaska. Overall totals from July 2020 remain a record high with 411 homes sold for a total of $152,585,259 (although the average price is $371,253, down from this year and last year). is also lower). The number of homes sold for $1,000,000 or more remained constant at 20 for all three years. The average number of days a home was on the market decreased from 57 to 49. Previous July such numbers were close to or over 100 days.


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