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March Market Activity for Livingston County
Whether you're planning to sell or buy a home, a deep understanding of the local real estate market is crucial. Our team at Griffith Realty is constantly monitoring market activity throughout the Livingston County area and collecting the data you need to make an informed decision with your next local real estate transaction. Ready to dive in with the latest info? Our real estate agents have all the key data you need in our March Market Activity report for Livingston County.
March Market Activity for Livingston County
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February 2021 Active Listings in Livingston County
The number of active listings in Livingston County for February 2021 checked in at 208 units, which marks a decrease of 62 percent year-over-year. Compared to January 2021, new listings saw a slight drop of 12 percent. A lower number of active listings means that buyers may have fewer homes to choose from, and sellers may expect a more competitive market for homes that they list. -
Median Listing Price for February 2021
In February 2021, the median listing price for Livingston County homes was 399k, and that number has steadily increased over the last year. The average listing price for February 2020 was 336k, while the average listing price for January 2021 was 362k. An increase in the average listing price is often a sign of a more competitive real estate market, with sellers expecting high demand for homes. -
Average Days on Market for Livingston County Homes
The average number of days that homes spent on the market in February 2021 was 35 days. That marks a sharp decrease of 43 percent compared to February 2020, when the average days on the market was 62 days. A decrease in the number of days on the market is an indication that homes are selling quickly, which fits with both the lower number of active listings and the consistent increase in median listing price over the last year. -
Median Sale Price in Livingston County
The February 2021 median sale price for listings in Livingston County was 292k, which marks a significant increase over the February 2020 median sale price of 260k and a slight decrease compared to the January 2021 median sale price of 309k. With fewer listings available and a lower number of average days spent on the market, it's no surprise that home values are on the rise. -
Number of Livingston County Units Sold
February 2021 saw 124 units sold in Livingston County, a decrease of 36 percent compared to the January 2021 number of 196 units sold. It's also a decrease of 25 percent compared to February 2020, when 166 units were sold. A lower number of units sold can indicate a buyers market, but it also tracks generally with the decrease in active listings than the previous year.
Are you ready to take advantage of market trends and close your next real estate deal in Livingston County? Our experienced, local real estate team is here to help. Contact us to buy and sell homes throughout the Livingston County, MI area.