Michigan’s Vacation Home Market Is Hot

Demand for vacation homes is just as strong as the market for first homes. During the first half of 2021, vacation home sales jumped more than 57 percent when compared with 2020. Several counties in Northern Michigan are considered “vacation home counties,” which are counties with 20 percent or more of their housing inventory listed as seasonal. Leelanau County is a prime example. The average home price in the first quarter of this year jumped to $779,960 from $494,649 in the same quarter of last year. A more shocking comparison can be made when the average home in Leelanau County sold for $274,831 in 2012!