TRAVERSE CITY — Residential real estate sales in the Grand Traverse region dropped nearly 7 percent during the first six months of the year, compared to the same time frame in 2013.
The Traverse Area Association of Realtors released new statistics today that documented overall sales figures from January through June for the region encompassing Grand Traverse, Leelanau, Benzie, Antrim and Kalkaska counties. The numbers show that while the number of residential sales dropped, median and average sales prices remained strong.
The median sales price for residential properties was at $168,000 for the first six months of the year, representing a 7 percent increase over the year prior. The average sales price also rose by 7 percent, from $204,519 for the first six months of 2013 to $219,529 for the same time frame of 2014.
Read more in Thursday’s Record-Eagle.