As the leaves change, so too are the lifestyle needs of many families throughout Livingston County. The home has become a schoolhouse for students, an office for professionals, and so much more of the center of our everyday lives. It's no surprise that families, couples, and single individuals are all strongly considering buying or selling a home to meet their evolving lifestyle needs. Our real estate agents at Griffith Realty are aware that you may be more interested in buying or selling your home now that you know the full demands of your day-to-day lifestyle. If you're currently considering your real estate goals, it's important to know that many other buyers and sellers are debating the same thoughts.

Current Market Activity in Livingston County

Although the impact of the pandemic continues to influence nearly every aspect of our lives, the real estate industry has been steadfast in its commitment to making all real estate transactions as safe, secure, and socially-distanced as possible. We've put innovative protocols in place that enable you to achieve your real estate goals no matter how the COVID-19 crisis proceeds. These new procedures are quite comforting; in fact, many buyers and sellers worldwide are now confidently moving forward with their real estate plans.

During September, Griffith Realty happily reports the following housing market trends in Livingston County:

• The number of active listings was 436, a decrease of 47 percent from 2019, and 15 percent from the prior month.
  
  
• The median listing price throughout September 2020 was $375,000. In September of 2019, the median listing price was $327,000, while the median listing price in August of 2020 was $372,000.
  
  
• The average number of days these homes sat on the market in September of 2020 was 37. This is a five percent decrease from an average of 39 days in September of 2019.
  
  
• The median sale price of homes listed in September of 2020 was $299,00. In September of 2019, it was $276,000 and was $300,000 in August of 2020.
  
  
• The number of units sold in September of 2020 saw an increase of 22 percent from September of 2019, moving from 257 to 316. However, it did decrease by 10 percent from August 2020's amount of 354.

What does this data mean for those buying or selling residential real estate in Livingston County? The decrease in active listings may suggest that buyers jumped at the chance to own a home that meets their new lifestyle needs. An increase in median listing price from month to month and year over and the steady average sale price of homes from August to September may suggest that sellers and buyers can comfortably agree to term which financially benefit both parties. The decrease in the average number of days on the market, coupled with the year-over-year increase in the number of units sold, may suggest that buyers are quickly making an offer regardless of how the pandemic impacts the area.

Real Estate Trends & Transactions Post-Pandemic

At Griffith Realty, we've kept a close eye on the market trends in Livingston County. We believe that the healthy signs of real estate activity suggest that the market will continue to be favorable for many buyers and sellers, hoping to achieve their real estate goals this autumn. If you are hoping to buy or sell property in Livingston County, we'd be happy to sit down and discuss current market trends as well as the new post-pandemic protocols we've put in place. Contact us today to learn more.