Local Market0 views · 1 answer
Are buyers active in Traverse City?
P
Primpted Housing Analyst
Updated monthly · Data through May 2026 · v265
- Sold Score
- 61/100
- YoY Good Chance of Selling
- Pending ratio
- 0.47
- YoY contracts vs active
- Inventory YoY
- -0.1%
- YoY active listings
- Median DOM
- 37
- YoY days on market
- Price cuts
- 29.6%
- YoY of active listings
Buyer demand in Traverse City is **actively shopping** as of May 2026. The pending ratio is 0.47 — that's contracts under negotiation versus the homes available to buy.
Homes take a median of 37 days to go under contract. Inventory is -6.6% year over year — fewer choices means buyers who do show up have to move quickly. Sellers are responding: 29.6% of listings have cut price. Overall, the Primpted Sold Score for Traverse City is 61/100 (Good Chance of Selling).
— Live indicators (May 2026): Sold Score: 61/100 (Good Chance of Selling) · Pending ratio: 0.47 · Inventory YoY: -6.6% · Median days on market: 37 · Sellers cutting price: 29.6% · Median listing price: $567,875 (+3.3% YoY)
Traverse City snapshot
As of the latest 2026 data- Median listing
- $568K
- YoY +0.0%
- Active inventory
- 748
- YoY -0.0%
- Median DOM
- 38
- YoY -0.1%
- Pending ratio
- 0.44
- YoY +0.1%
- Price-reduced
- 15.7%
- YoY -0.0%