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2024 Market Update

2024 Market Update

As we move into 2025, Schaub Team Premier Realty is keeping a close eye on market trends across Leelanau County and Northern Michigan. Whether you're buying, selling, or simply curious about your property's value, staying informed is key in today’s evolving market.

Our team is here to provide expert insight, personalized advice, and local knowledge to help you make confident decisions in 2025 and beyond.

Regionally, the number of homes sold in Leelanau decreased by 4.7%, yet overall revenues saw a 10% increase — reflecting strong property values and continued demand for Northern Michigan homes.

Leland leads the state with the fastest-growing home prices, while Glen Arbor and Lake Leelanau rank #8 and #9 respectively. This strong demand highlights the enduring appeal of Leelanau County and its vibrant communities. 

Nationally, Redfin predicts 2% to 9% more inventory in 2025, offering more options for buyers. Economists also anticipate pent-up demand from both buyers and sellers could drive increased transactions this year. Additionally, history shows a post-election boost in home sales is common — regardless of election outcomes.

Thinking about making a move?

Schaub Team Premier Realty is here to help you navigate the shifting market with confidence.

Work With a Team That Knows the Market

Whether you're buying your first property, selling a property, or searching for land or investment opportunities, we combine decades of experience with personalized service to help you make confident decisions.

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