As the holiday season lights up our lives, you may think buying or selling a home is the last thing on someone's mind. While our real estate agents understand that most individuals are quite busy during this time of the year, we want all of our potential clients to know that we're working around the clock to make their real estate goals come true. In fact, we've helped many men and women add buying or selling a new home to their holiday checklist. Have you been wondering whether or not you should wait until 2021 to follow through on your real estate plans? 

Current Market Activity in Livingston County

For how slow 2020 seemed to move, the final month of the year is winding down at record speed. As days and weeks fly by before our eyes, some homeowners have decided to postpone their real estate plans until 2021. However, the data shows that there are still plenty of families who followed through with their plans in November. Our team at Griffith Realty believes that this confidence is thanks in part to the new protocols we've put in place to ensure maximum safety for our agents, buyers, and sellers.

During November, the housing market trends in Livingston County were certainly notable:

• The number of active listings in Livingston County stood at 328, a decrease of 56 percent from November 2019 and 18 percent from October 2020.
  
  
• The median listing price for these homes in November was $359,000. This is a decrease from $375,000 the month prior but an increase from $340,000 in November of 2019.
  
  
• The number of days listed homes in Livingston County sat on the market in November of 2020 was 35, a 23 percent decrease from 46 in November of 2019.
  
  
• The median sale price of these homes in November 2020 was $292,000, down from $305,000 in October, though up from $261,000 the previous year.
  
  
• The number of units sold in Livingston County decrease only by a single percentage point year over year (from 234 in November 2019 to 230 in November 2020), although it did decrease by 27 percent from the previous month (down from 318 in October 2020).

How does this data impact those considering buying or selling homes in Livingston County this month? The decreased number of active listings may suggest that buyers were quick to scoop up the home that met their needs before the start of the holidays. A decreased median listing price and decreased median sale price suggests that sellers were just as ready to come to a fair agreement on price so that they could complete this traction before the holiday season. The number of units sold decreased from month to month, but with only the slightest decrease from year over year. We believe that this is due to many buyers choosing to postpone their search until 2021.

Trends in Real Estate for the Livingston County Market

We're making a list of homes for sale in Livingston County and are checking it twice to ensure that we're well aware of all of the properties available. Our team continues to stay disciplined in our dedication to helping you achieve your real estate goals. Whether you are ready to buy or sell now, or if you'd like to learn more about when the right time to buy or sell a home in Livingston County is, feel free to contact us at your convenience.