In Leelanau County there were 532 residential home sales throughout 2020. What did Leelanau County homebuyer’s purchase last year?
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65% of all 2020 Leelanau County homes sales sold between $100,000-$500,000, Leland and Elmwood Township combined for 32% of all residential sales volume, 41% of all home sales were waterfront or condominiums, and 34% of all sales were cash purchases. Purchasing a home in 2020 often led to multiple offers due to extremely low home inventory. Our home inventory peaked at approximately 40% of the total inventory we had a decade ago. Supply is now well under 6 months of inventory which puts us in a very strong Seller’s market.
This report is based upon sales information obtained from the Northern Great Lakes Realtors MLS. Undisclosed sales are not included in the data. This is for basic review purposes only. All attempts for accuracy have been made but cannot be guaranteed.
Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com