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 Welcomes New Real Estate Office as Market Experiences Growth
Traverse City, Michigan — A new real estate office, @properties REMI Christie’s International Real Estate, has officially opened its doors in downtown Traverse City, signaling ongoing momentum in the local housing market. Located in the historic former Cousin Jenny’s building at the intersection of Union and State streets, the office has rapidly attracted a number of prominent local agents, indicating strong confidence in the region’s real estate prospects.
New Office Attracts Top Local Agents
Within a short period since its opening, @properties REMI Christie’s International Real Estate has managed to draw several high-performing agents from the area. This swift recruitment underscores the office’s competitive edge in the local real estate scene. Its association with Christie’s, a globally recognized brand renowned for high-end auction sales, aims to elevate the company’s profile and expand its presence in the Traverse City market.
Market Surge Evident in Home Sales Data
Recent data reflects a notable surge in home sales across Grand Traverse County. In June, a total of 282 homes were sold, representing a 33% increase compared to May, when 212 homes changed hands. This upward trend highlights increased buyer activity and a robust market momentum heading into mid-year.
Year-to-Date Sales and Comparison to Past Years
For the first six months of 2025, approximately 1,099 properties have been sold, bringing the local market near last year’s pace. However, when comparing to the same period in 2024, sales are down 1.9%, as that year saw about 1,120 home sales by June. Historically, the highest year-to-date sales recorded in the region was in 2021, with 1,459 residential properties sold through June.
Local Legal System and Infrastructure Developments
The increasing volume of property transactions and population growth have prompted discussions about the local judicial system. Grand Traverse County is under review for the potential need for an additional elected judge to manage rising Probate Court workloads, which have grown alongside development and estate planning needs.
Economic Contributions and Community Investment
The Grand Traverse Band of Ottawa & Chippewa Indians has recently distributed over $706,758.54 in gaming revenue to various local governments. This funding supports community projects and infrastructure, contributing to the area’s overall development and quality of life.
Migration Trends and Climate Refugees
Traverse City is increasingly becoming a destination for climate refugees, particularly from the West Coast and Arizona. Its natural environment and active lifestyle options appeal to those relocating from more extreme and less predictable climate zones, contributing to population growth and housing demand.
Housing Market and Development Focus
Real estate developers emphasize the critical need for workforce housing, particularly to support the expanding hospitality and tourism sectors. This has led to increased interest in developing a variety of properties aimed at middle-income buyers and seasonal residents.
Infrastructure Expansion to Support Growth
To accommodate the rising number of visitors and residents, Cherry Capital Airport is undergoing a significant expansion. Currently handling approximately 770,000 passengers annually, the airport project aims to improve capacity and facilities to meet future demand.
Current Property Listings and Market Conditions
Home listings in northern Michigan now feature a broad selection of properties, with prices generally around $500,000. These listings vary widely in amenities, size, and location, reflecting the diverse preferences of buyers in the region. Real estate professionals indicate that the market remains steady, with buyers now favoring flexible offers and well-presented, clean offers to secure properties.
Summary and Outlook
Overall, Traverse City continues to experience positive growth in its real estate sector amid increasing sales and infrastructure development. The new office’s successful recruitment of top agents and the surge in home sales highlight a dynamic market that remains attractive to residents, investors, and newcomers alike.
Deeper Dive: News & Info About This Topic
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
Author: STAFF HERE INDIANAPOLIS WRITER
INDIANAPOLIS STAFF WRITER The INDIANAPOLIS STAFF WRITER represents the experienced team at HEREIndianapolis.com, your go-to source for actionable local news and information in Indianapolis, Marion County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Indianapolis 500, Indy Jazz Fest, and the Indiana State Fair. Our coverage extends to key organizations like the Indy Chamber and Visit Indy, plus leading businesses in motorsports and healthcare that power the local economy such as Indianapolis Motor Speedway and IU Health. As part of the broader HERE network, we provide comprehensive, credible insights into Indiana's dynamic landscape.
