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August 2021 Market Activity in Livingston County
Planning on buying or selling a home in the Livingston County area this year? A strong understanding of the latest local real estate trends is key to success, whether you're buying, selling, or simply gathering information to help you plan what to do next. Our real estate agents keep a constant eye on the latest real estate trends in the area, and we've got all of the details in our August Market Activity Report for Livingston County.
August Market Activity for Livingston County
- Active Listings for Livingston County
The number of new listings in Livingston County continued to rise in July, with a total of 403 new listings. That marks a 22 percent increase in new listings over the previous month and a 30 percent dip in new listings compared to the previous year. A rise in new listings is a good sign that buyers will have more options available when shopping for a home in Livingston County. - Median Listing Price in Livingston County
The median listing price for homes in Livingston County was down slightly in July to $379,000, compared to $390,000 in June. The July 2021 median listing price represents a small increase compared to one year ago when the price checked in at $367,000. - Average Number of Days Spent on Market
Homes in Livingston County spent an average of 26 days on the market before being sold in July 2021. That represents a significant drop from July 2020, when the average days spent on the market was 41 days. The 36 percent year-over-year decrease in days spent on the market is a sign of an active real estate market with strong inventory turnover. - Median Sale Price for Livingston County Homes
While the median listing price was down slightly for Livingston County homes, the median sale price actually rose both month-over-month and year-over-year. The median sale price for July 2021 was $344.000, compared to $340,000 in June 2021 and $294,000 in July 2020. An increase in the median sale price indicates a competitive real estate market, so both buyers and sellers should plan accordingly. - Total Units Sold in Livingston County
The total number of units sold in Livingston County for July 2021 was 294, which represents a slight decrease of 23 percent year-over-year and 4 percent month-over-month. There were 384 units sold in July 2020 and 308 units sold in June 2020. A dip in the number of units sold indicates that buyers may have more opportunities to shop for deals in the current real estate market.
Ready to take advantage of the latest trends and make your next move with Livingston County real estate? Our knowledgeable, experienced real estate team is here to help you make informed decisions. Contact us to buy and sell homes throughout the Livingston County, MI area.