TRAVERSE CITY — The scenic coasts, quiet woodlands and numerous tourist attractions are a few of the reasons why visitors swarm northwest Michigan every year.
Traverse City alone attracts around 3.5 million visitors, which translates to about $1 billion in direct annual spending, according to the city’s tourism bureau.
During the pandemic, however, people’s vacations are becoming vacation homes or sites to relocate. The regional real estate market is becoming increasingly crowded. Many people buy homes about as fast as realtors can sell them.
“People say, Well, how is the market?” said Pat O’Brien, a Boyne City-based realtor. “My answer is, it’s very fast. It’s very fast.”
O’Brien’s real estate business specializes in properties around…