If you're looking for a new home or you are relocating to the Traverse City area, JDX Real Estate can assist with your Traverse City home buying and selling needs.
We've got lots of experience in Traverse City-area real estate, from all the townships to multifamily properties in & around Traverse City. We also love market stats and you'll always find lots of great information here on local market conditions.
The City of Traverse City is the commercial and cultural center of Northwest Michigan. Downtown Traverse City attracts visitors from all over the country and the world. In addition to the shops and business of Downtown, Munson Medical Center and Northwestern Michigan College are located within the city limits. Located on the south end of Grand Traverse Bay and home to sugard sand beaches and world class restaurants, Traverse City hosts the National Cherry Festival and the Traverse City Film Festival.
Between the low inventory of available homes, particularly in the $200,000 to $300,000 range, and low interest rates, competition for homes on the market is high. Buyers have been finding themselves in bidding wars, with some properties selling above the asking price.
Spring typically brings an increase to the number of houses on the market, but can also bring with it an increase in buyers, meaning that, depending on any substantial changes in the economy, the seller's market is likely to continue.