October 2018

Found 1 blog entry for October 2018.

HIGH DEMAND AND LOW SUPPLY ARE DRIVING HOUSING PRICES HIGHER. WHAT’S NEXT?

BY ROSS BOISSONEAU on NORTHERNEXPRESS.COM | OCT. 6, 2018

 

The housing market is always reacting to the law of supply and demand. When there’s a glut of homes on the market, prices drop. When demand outstrips supply, prices escalate.
 
So welcome to Traverse City, Petoskey, and Charlevoix — if you’ve got the money.
 
“Home sales are continuing to rise in our area. In certain price ranges, there are shortages of availability. So we are seeing multiple offers and consumers willing to pay more than the asking price and more than [its] true value to secure a home in Traverse City,” said Carolyn Collins. Collins is a Realtor with Century 21 Northland and president-elect of the

653 Views, 0 Comments

Sign up for email updates