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June 2021 Market Activity for Livingston County
Whether you're planning to buy, sell, or simply gathering information to decide what to do next, a thorough understanding of the latest trends in your local real estate market is key to achieving your goals. The latest trends in Livingston County show that buyers and sellers have been busy this spring, with significant year-over-year and month-over-month increases in market activity. Our real estate agents are here to help you make informed decisions, and we've got all of the latest details on Livingston County real estate in our June 2021 Market Activity report.
- Active Listings for Livingston County Homes
The number of active listings in Livingston County in May 2021 was 299, which marks a 7 percent increase over April 2021 and a 52 percent decrease compared to May 2020. While that is a significant drop year-over-year, the rest of the trends in this post indicate a strong year-over-year increase in the number of homes that are being sold. The increase in listings compared to April is also a positive sign. - Median Listing Price in Livingston County
The median listing price for Livingston County homes in May 2021 was $395k, which represents a slight increase over April when the median listing price was $392k. It's also a significant year-over-year increase compared to May 2020, when the median listing price was 359k. An increase in median listing price is a sign that sellers are confident in the level of demand for Livingston County homes. - Median Sale Price for Livingston County Real Estate
Like median listing prices, the median sale price for Livingston County homes has also been increasing steadily. The median sale price in May 2021 was $334k, an increase over the April 2021 median sale price of $327k. It's also a substantial increase over May 2020, when the median sale price was $276k in Livingston County. - Average Number of Days Spent on Market
In another sign that the local real estate market is on the upswing, the average number of days that Livingston County homes spent on the market in May 2021 was 23 days. That marks a significant 47 percent year-over-year decrease in the number of days on the market, which checked in at 44 days in May 2020. This decrease shows that homes are in high demand throughout Livingston County. - Units Sold in Livingston County
May 2021 saw 251 units sold in Livingston County, a massive 112 percent increase over May 2020 when 118 units were sold. It's also a 7 percent increase over April 2021, when 233 units were sold. The substantial increase in units sold is another sign that the market is trending positively, with both buyers and sellers making the most of the increased market activity.
Are you ready to take advantage of the latest market trends to buy or sell a Livingston County home? Let our experienced, local real estate team help you handle all of the key details. Contact us to buy and sell homes throughout the Livingston County, MI area.