Local Market0 views · 1 answer
How competitive is the Traverse City housing market?
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
Traverse City is moderately competitive as of May 2026, with a Sold Score of 61/100 (Good Chance of Selling).
**Pending ratio** is 0.47 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is -6.6% — fewer choices for buyers than a year ago.
**Median days on market** is 37. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 29.6% of active listings — above 25% signals sellers are widely overshooting list price.
— 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%