Local Market0 views · 1 answer
How competitive is the Traverse City housing market?
P
Primpted Housing Analyst
Updated monthly · Data through August 2026 · v268
- Sold Score
- 48/100
- YoY Fair Chance of Selling
- Pending ratio
- 0.37
- YoY contracts vs active
- Inventory YoY
- +0.1%
- YoY active listings
- Median DOM
- 52
- YoY days on market
- Price cuts
- 40.5%
- YoY of active listings
Traverse City is moderately competitive as of August 2026, with a Sold Score of 48/100 (Fair Chance of Selling).
**Pending ratio** is 0.37 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow.
**Inventory change YoY** is +10.5% — more choices for buyers than a year ago.
**Median days on market** is 52. Faster than 30 days means buyers are deciding quickly.
**Price-reduction share** is 40.5% of active listings — above 25% signals sellers are widely overshooting list price.
— Live indicators (August 2026): Sold Score: 48/100 (Fair Chance of Selling) · Pending ratio: 0.37 · Inventory YoY: +10.5% · Median days on market: 52 · Sellers cutting price: 40.5% · Median listing price: $550,000 (-3.0% YoY)
Traverse City snapshot
As of the latest 2026 data- Median listing
- $550K
- YoY -0.0%
- Active inventory
- 860
- YoY +0.1%
- Median DOM
- 52
- YoY -0.1%
- Pending ratio
- 0.37
- YoY -0.1%
- Price-reduced
- 23.2%
- YoY +0.0%