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December
20
20
December 2021 Market Activity in Livingston County
Information is power when you're making a real estate decision, and understanding the latest market trends can help you achieve your goals. We keep a constant eye on the most up-to-date data on the real estate market in Livingston County to help you make informed decisions when buying or selling a home. Our real estate agents have all of the latest details in our December Market Activity report for Livingston County.
- Active Listings
The number of active listings in Livingston County during November was 268, which continues a recent trend of slightly decreasing inventory in the area. The total number of active listings decreased by 19 percent compared to the previous year and decreased by 21 percent compared to October 2021. A decrease in the number of active listings indicates that buyers may have a slightly smaller selection of homes to choose from, while sellers may expect increased competition for the available homes. - Median Listing Price
The median listing price for Livingston County real estate in November was $399,000, which continues a steady increase over the past year. In November of 2020, the median listing price was $359,000, while in October 2021, the median listing price checked in at $394,000. With the slight drop in inventory and the continued demand for homes, it's no surprise that sellers are setting a strong starting point with their listing prices. - Average Days Spent on Market
Livingston County properties spent an average of 28 days on the market in November, which compares favorably to November 2020, when properties spent an average of 45 days on the market. That marks a substantial 37 percent year-over-year decrease in the number of days that properties spent on the market and is a sign that inventory turnover remains strong for Livingston County real estate. - Median Sale Price
During November, the median sale price for Livingston County properties was $329,000, a very slight decrease compared to October 2021, when the median listing price was $330,000. However, the median listing price is still up significantly compared to November 2020, when it checked in at $290,000. With demand high and homes spending less time on the market, the consistent median sale price fits with recent trends. - Total Units Sold
Livingston County saw 252 units sold in November, which marks a slight decrease compared to October when 285 units were sold and compared to November 2020 when 272 units were sold. That's an 11 percent decrease year-over-year in the number of units sold and a 7 percent decrease compared to the previous month.
Are you ready to take advantage of the latest trends and achieve your real estate goals? Our team is here to help. Contact us to buy and sell homes in the Livingston County, MI area.