Northern Michigan Real Estate Market Soars!!

The numbers are out for May and it continues to look great for properties in northern Michigan!  Here are the May numbers from The Paul Bunyan Board of REALTORS which covers primarily Roscommon and Wexford Counties including Higgins Lake, Houghton Lake and Lake Missaukee.

Month    Units Sold    Total Volume    Avg. Sold Price    Days on Market
May '12        135       $11,934,708      $88,405                 158
May '11          97         $8,483,296      $87,457                 213

It's apparent that many buyers are refusing to believe the statistical information showing the climb in the market in northern Michigan.  It's not to say there aren't still good deals out there because there are.  It is important to recognize, however, that the best properties will be the first to sell and at this rate, there will definitely be fewer attractive properties at low prices as the season progresses.  Enjoy your search and let us know how we can help.  Click our logo below to find The Homewaters Agent who services your area.

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