Petoskey Real Estate Sales Rebound

Petoskey residential real estate sales volume for the month of August, 2006 rebounded slightly from last year's anemic numbers. Although still well shy of the 41 sales recorded in August, 2004, the 26 transactions reported in August, 2006 was an improvement over the 21 transactions recorded in August, 2005.


Petoskey residential sales measured by sold dollar volume for the month increased a whopping 50%, from $5.6 million in August, 2005 to $8.4 million in August, 2006. While the jury is still out, it looks like the Petoskey real estate market may have bottomed out in 2005, and is now showing signs of improvement.