Real estate thrives amidst market vulnerability

Demand remains extremely strong for the high-end homes of Leelanau County that command the attention of the rich and famous, but some faint cracks are showing in other areas of the market.

Time will tell whether those cracks grow and have the capability to trip up a market that’s been red hot for years. But they didn’t cause alarm in 2023, when 377 homes sold for a total volume of $273.3 million.

The sales volume represents an increase of $5.2 million from 2022, but remained a bit off the high marks of $285.5 million in 2020 and $310.5 million in 2021.