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 Cooling, characterized by a pending ratio of 0.37 and significant inventory expansion. Active listings have increased by 10.5% year-over-year, alongside a substantial 29.2% rise in new listings over the past year. This indicates a notable shift in market dynamics with supply increasing relative to demand absorption.
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 · Jul 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.
Inventory levels have expanded considerably, with active listings up 10.5% and new listings rising by 29.2% over the past year. Concurrently, the median listing price has experienced a year-over-year decline of 3.0%, reflecting this increased supply. Demand indicators suggest a deceleration, as evidenced by a pending ratio of 0.37, which is 6.0% lower compared to the prior year. Median days on market have decreased by 11.9% over the past year, however, the rising share of price reductions, up 1.7% year-over-year to 23.2%, suggests ongoing price adjustments.
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 an expanding inventory and a pending ratio of 0.37, market conditions are favoring a more deliberate pace for demand absorption. The increasing share of price reductions suggests that price discipline is becoming more prevalent across listings. This environment may offer more extensive opportunities for negotiation and a less pressured transactional timeline compared to prior periods.
The average listing price in the luxury segment has declined by 1.3% year-over-year to $866,919. This slight erosion in average pricing, despite a 1.9% year-over-year increase in median $/sqft, suggests some softening at the highest price points within the market.
860 active listings represent the current floor, with new supply arriving at roughly 372 per month.
of active listings carry a price reduction, +1.7% from prior period.
Median price per square foot has moved +1.9% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Traverse City, MI? Homes here are taking 7 days less to sell than 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
- 52 days
- Inventory YoY
- +11%
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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