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March
28
28
March 2022 Market Activity in Livingston County
The traditional spring selling season is around the corner in Livingston County, so now is the perfect time to catch up on the latest local real estate trends. Whether you're planning to buy a home, sell a home, or just want to keep up with your local real estate market, our team crunches the numbers to help you stay informed. Our real estate agents have all the key data in our March 2022 Market Activity report for Livingston County.
- Active Listings for Livingston County
There were 180 active listings in Livingston County during February 2022, which continues a slight decrease in active listings during recent months. There were 2 percent fewer active listings compared to the previous month, and 17 percent fewer active listings compared to the previous year. A decrease in inventory may mean fewer options for buyers, and increased competition for the available homes. - Median Listing Price
The median listing price for Livingston County properties was $451,000 in February 2022 and has been increasing steadily over the last 12 months. The median listing price in January 2022 was $425,000, while in February 2021 the median listing price checked in at $395,000. With a slight decrease in inventory and demand remaining high, it's no surprise that the median listing price continues to rise. - Average Days Livingston County Listings Spent on Market
The average number of days that Livingston County listings have spent on the market continues to decrease, with properties spending an average of 24 days on the market in February 2022. That marks a 40 percent decrease compared to February 2021, when properties spent an average of 40 days on the market. A decrease in days spent on the market can be a sign of strong inventory turnover, and high demand for homes in Livingston County. - Median Sales Price
Like the median listing price, the median sales price for Livingston County real estate has risen significantly over the last year. The median sales price in February 2022 was $350,000, compared to $299,000 in January 2022 and $292,000 in February 2021. A rising sales price is another sign of strong demand for Livingston County homes. - Total Units Sold in Livingston County
Despite the slight decrease in inventory, the number of units sold in Livingston County continues to rise with 148 units sold. That's a 2 percent increase compared to February 2021 when 144 units were sold, and a 1 percent increase compared to January 2022 when 146 units were sold.
Whether you're buying or selling, spring is a time of opportunity in Livingston County. Let our local team help you accomplish your real estate goals, just in time for spring. Contact us to buy and sell homes throughout the Livingston County, MI area.