
Thinking of buying or selling a home in Livingston County? Understanding the latest trends in the local real estate market makes it so much easier. The Livingston County real estate market has been busy this summer, and our real estate agents have been keeping track of all the data you need to take advantage of the latest trends. You can find all of the latest details in our report on July Market Activity for Livingston County.
- Active Listings in Livingston County
There were 328 active listings in Livingston County during June 2021, which continues a recent upward trend in the number of listings on the market. That number represents an 8 percent increase over the previous month and a 44 percent decrease in active listings year-over-year. The recent upward trend in the number of active listings means that buyers are likely to find more options available than in previous months.
- Median Listing Price for Livingston County Homes
The median listing price for Livingston County homes was $399k for June 2021, continuing the steady rise in median listing price over the last year. The median listing price was $390k for May 2021 and $359k for June 2020. An increase in the median listing price is a sign that sellers are expecting a busy real estate market, with multiple buyers competing for many homes.
- Average Days Spent on Market
The average days spent on the market for Livingston County homes was 27 days in June 2021. That represents a 25 percent decrease year-over-year, with the average days on the market checking in at 36 days in June 2020. A lower number of days on the market is a sign of increased inventory turnover and indicates that the Livingston County market has been robust this summer.
- Median Sale Price for Home in Livingston County
Like the median listing price, the median sale price for Livingston County homes continued its positive upward trend this month. The median sale price for June 2021 was $340k, representing a slight month-over-month increase and a significant year-over-year increase in sale price. The median sale price for May 2021 was $335k, while June 2020 checked in at $292k.
- Number of Units Sold in Livingston County
There were 292 units sold in Livingston County in June 2021, representing both a year-over-year increase of 3 percent and a month-over-month increase of 11 percent. June 2020 saw 283 units sold in Livingston County, while May 2021 had 261 units sold. An increase in the number of homes sold is a sign that the real estate market has been active in Livingston County this summer.
Ready to take the next steps on your real estate journey and turn information into action? Our experienced, local real estate team is here to help you with every step of the process. Contact us to buy and sell homes throughout the Livingston County, MI area.