News Summary
Traverse City, Michigan, is witnessing a significant growth in its real estate sector, driven by a surge in home sales and new business openings. A new office by @properties REMI Christie’s International Real Estate has opened downtown, targeting top local agents and reflecting economic vitality. Recent reports show a 33% increase in home sales from May to June, alongside a notable demographic shift as the city attracts new residents seeking a sustainable lifestyle. Continued infrastructure improvements and community initiatives further enhance Traverse City’s appeal as a thriving destination.
Traverse City Sees Growth in Real Estate Market as New Agency Opens
Traverse City, MI – A new real estate office has recently opened in downtown Traverse City, signaling a strong boost in the local housing market. The office, branded as @properties REMI Christie’s International Real Estate, is situated in the historic former Cousin Jenny’s building at the intersection of Union and State streets. This strategic location aims to serve the increasing demand for real estate transactions in the area.
High-Profile Talent Joins New Office
The new office has quickly attracted a number of top-performing local agents, indicating confidence in the emerging opportunities within Traverse City’s housing sector. The agency’s association with Christie’s, globally recognized for its luxury auction house, highlights its focus on high-end properties and a commitment to professional excellence.
Surge in Home Sales Reflects Market Strength
Recent data shows a notable increase in home sales across Grand Traverse County. In June alone, 282 homes were sold, representing a 33% rise from May’s total of 212 homes. This upward trend suggests a robust housing market, supported by increased buyer activity and development efforts.
First Half of 2025 and Year-to-Date Sales Trends
For the first six months of 2025, nearly 1,099 homes were sold, a figure close to the same period last year. However, this number falls short by 1.9% compared to 2024, which recorded 1,120 sales in the same time frame. Despite this slight decline, the overall year-to-date sales are still approaching the long-term high mark set in 2021, when a record 1,459 properties were sold by June.
Local Judicial and Infrastructure Developments
In response to the growing population and increased property transactions, Grand Traverse County is reviewing the need for an additional local judge to better manage the rising workload in Probate Court. Concurrently, infrastructure improvements are underway, such as the expansion of Cherry Capital Airport, which now handles approximately 770,000 passengers annually, many of whom are new residents or visitors drawn to the area.
Economic and Demographic Shifts
The region continues to attract a diverse demographic, including climate refugees relocating from the West Coast and Arizona to enjoy Traverse City’s natural beauty, outdoor activities, and active lifestyle. This influx, combined with local development and growth in the hospitality sector, underscores the importance of housing availability for the workforce.
Housing Market Characteristics and Local Trends
In terms of available properties, listings in northern Michigan are typically priced around $500,000. These properties vary in amenities, size, and location, accommodating a broad range of buyer preferences. Local realtors note that the market has become steadier, with buyers now emphasizing flexibility and transparency in offers to secure transactions.
Future Outlook and Ongoing Developments
Developers continue to prioritize housing projects that support the expanding hospitality and service industries. Additionally, transportation infrastructure improvements like the airport expansion aim to facilitate convenient travel, aiding both residents and visitors. Overall, the Traverse City housing sector remains dynamic, with signs pointing toward sustained activity despite slight recent declines compared to last year.
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HERE Resources
Additional Resources
- Record Eagle: June Sees Boost in Regional Home Sales
- Forbes: Climate Resiliency Drawing New Buyers to Traverse City
- MLive: Lush Golf Course in Your Own Backyard in Northern Michigan
- Northern Express: What Does $500K Get You in Northern Michigan Real Estate?
- Crain’s Detroit: Properties REMI Christie’s International Real Estate Expands
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CLEVELAND STAFF WRITER The CLEVELAND STAFF WRITER represents the seasoned team at HERECleveland.com, your premier source for actionable local news and information in Cleveland, Cuyahoga County, and beyond, delivering "news you can use" with in-depth coverage of product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news impacting the region—backed by years of expert reporting and robust community input, including local press releases and business updates, while providing top reporting on high-profile events like the Rock and Roll Hall of Fame inductions, Cleveland International Film Festival, and holiday parades, alongside key organizations such as the Cleveland Clinic, Cleveland Orchestra, and Great Lakes Science Center, plus leading businesses in manufacturing and healthcare like Sherwin-Williams and University Hospitals, and as part of the broader HERE network including HEREDayton.com, offering comprehensive, credible insights into Ohio's vibrant landscape. HERE Cleveland HERE Dayton
