June 26, 2021
Home sales in May rose in each of the five counties served by Aspire North (formerly the Traverse Area Association of Realtors, or TAAR) from the totals posted last May. The largest single pickup was in Grand Traverse County, where 134 homes sold last month for a total of $ 54,066,467, up from a total of 65 in May 2020 at $ 18,591,570. The region’s total sales count – 267 – also more than doubled from the total of 116 in May of last year, while the dwarf’s $ 111,074,623 dollar volume last May was 33,386. $ 670.
Last year’s figures were of course heavily impacted by the shutdown, which lasted from late March to early May. So the May 2019 totals are perhaps a better comparison example. In May 2019, there were a total of 309 sales, with Grand Traverse County registering 173, both topping last month’s totals. Even with fewer sales, however, this year’s dollar volume skyrocketed, increasing by over $ 18 million to $ 111,074,623 from $ 92,691,994 in May 2019.
Average selling prices increased accordingly, from $ 299,974 in May 2019 to $ 416,009 last month. The average selling price has increased significantly in each of the five counties from 2019 to 2021, by nearly $ 200,000 in Benzie County ($ 285,852 in 2019, $ 263,333 in 2020, $ 482,390 in 2021) and has almost doubled in Kalkaska County ($ 140,404 in 2019, $ 190,816 in 2020). , and $ 208,226 last month). The average number of days on the market is also a testament to the current heat of the market: last month it was 66, up from 104 last May and 106 in May 2019.