Traverse City, MI
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's cooling Traverse City market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Traverse City, MI.
The Traverse City market is currently categorized as Cooling, characterized by a pending ratio of 0.37. This indicates that demand absorption is lagging supply, with only 37 pending sales for every 100 active listings. Median listing prices have experienced a 4.2% decline over the past year, reflecting prevailing market conditions.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
Job Market
Unemployment rate · Sep 2026
Shows whether local employment conditions are supporting buyer demand.
U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).
Population & Migration
Data not yet available.
Shows whether the area is gaining or losing potential housing demand.
Future Housing Supply
Data not yet available.
Shows whether future inventory pressure may increase.
What's moving the Traverse City market right now.
Active listings have increased by 11.9% over the past year, contributing to an expanding inventory landscape. New listings also rose by 12.6% year-over-year, further augmenting available supply. Concurrently, the pending ratio declined by 0.2 percentage points year-over-year, signaling a deceleration in transactional activity relative to available inventory. Median days on market remain relatively stable with a slight increase of 0.4% over the past year, while the share of price reductions has risen by 5.6 percentage points, indicating increased pressure on pricing.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
With a pending ratio of 0.37 and an 11.9% year-over-year increase in active listings, the market exhibits signs of increased inventory pressure. This environment typically necessitates greater price discipline from sellers to facilitate absorption. Buyers may experience a more measured pace for decision-making due to broader selection and less competitive dynamics.
The average listing price in Traverse City has decreased by 3.5% over the past year, while the median listing price declined by 4.2%. This suggests a slight softening across the pricing spectrum. The median $/sqft saw a 1.4% decline year-over-year, but there is no strong indication of disproportionate pressure at the top tier relative to the broader market from these metrics alone.
882 active listings represent the current floor, with new supply arriving at roughly 268 per month.
of active listings carry a price reduction, +5.6% from prior period.
Median price per square foot has moved -1.4% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Traverse City, MI? Inventory is up 12% from last year.
Buyers have leverage in Traverse City, MI. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 37%
- Median Days on Market
- 61 days
- Inventory YoY
- +12%
In a buyer's market, strategy beats timing. See how your home scores in Traverse City, MI and what moves the number.
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