Home Sales Steady In Leelanau
May 10, 2023
Sales of residential real estate in Leelanau County continue to remain as strong as current inventory allows. Last month there were 20 homes sold in the county, compared to 17 in April 2022. Previous April sales for the past several years topped out at 40 in 2021, with most in the 30s. Demand remains high, with the dollar volume of $16,221392 surpassing last year’s $11,783,000. The average price thus increased substantially, going to $811,069 from last April’s $693,117.
The demand is reflected in the average number of days a home is on the market, which dropped to 64 last month compared to 80 the prior April. In April 2021 it was 168.
Year to date, there have been 79 homes sold for a total of $50,991,892, an average price of $645,466. That’s actually more than last year’s 77, though that total volume of $60,056,964 produced an average price of $779,960, a record high.
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