Year over year, Petosky-Otsego’s rolling three-month data shows prices moving higher even as sales volume softens. The typical home value is up about 17% from a year ago, while the median list price has climbed more than a quarter. At the same time, homes sold over the period are down nearly 28% from last year, pointing to fewer completed deals.
Looking at the latest rolling three-month snapshot through June 2026, conditions reflect a slower but still active market. Median days on market have dropped sharply to about 10 days from more than 100 a year ago, yet months of supply has surged to about 7.7 months, well above last year and higher than Detroit’s 6.8 months, indicating more options for buyers. Inventory has risen as active listings are up roughly 16% year over year, and new listings increased more than 28%, adding fresh choices to the market.
Pricing dynamics are shifting as well, with nearly 57% of recent sales closing above list price, up about 27 percentage points from a year ago, even though the average sale-to-list ratio has edged slightly lower. In the broader Detroit market, typical home values have dipped modestly over the same period, while Petosky-Otsego continues to see price growth. With these mixed signals of rising prices, more inventory, and faster market times, both buyers and sellers can benefit from using Agent Pronto to connect with an experienced local agent who understands the details of this neighborhood’s trends.
