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20
November 2023 Market Activity in Livingston County
With the holiday season fast approaching, are you dreaming of a Livingston County home where you can make magical memories for many years to come? Before you start turning those dreams into reality, it's wise to take a close look at the latest market trends. Understanding the trends is essential to achieving your goals, whether you're planning to buy or sell a home in Livingston County this fall. Our real estate agents have all of the latest data for you in our report on Livingston County Market Activity for November 2023.
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Active Listings
During October 2023, there were a total of 362 active listings in Livingston County. This marks a decrease in the number of active listings compared to the previous year, and a slight decrease compared to the previous month. Active listings in October 2023 were down 19 percent when compared to October 2022, and down 6 percent when compared with September 2023. A decrease in the number of active listings may mean fewer options to choose from for buyers, although the decrease compared to the previous month is only a small one. -
Median Listing Price
The median listing price for Livingston County properties has been on the rise in recent months, and that trend continued in October 2023. The median listing price in October 2023 was $462,000, a substantial increase over both the previous month and the previous year. Compare the October 2023 data with a median listing price of $447,000 in September 2023, and the median listing price of $424,000 in October 2022. -
Average Days on Market Before Sale
Next up, is a positive trend for sellers. The average days listings spent on the market before sale was trending upward recently, but has shown a decrease in the latest data. Homes spent an average of 27 days on the market before being sold in October 2023, which marks a 6 percent increase compared to the previous year. In October 2022, homes spent an average of 29 days on the market before being sold. A decrease in days spent on the market before sale can be a positive sign regarding local inventory turnover in Livingston County. -
Median Sales Price
The median sales price in Livingston County has fluctuated in recent months, a trend that continued in the most recent data. In October 2023, the median sales price in Livingston County was $360,000, a decrease compared to the September 2023 median sales price of $369,000. However, the most recent median sales price also marks an increase compared to October 2022, when the median sales price checked in at $350,000. -
Number of Units Sold
There were 169 units sold in Livingston County during October 2023, a decrease compared to both the previous month and the prior year. There were 181 units sold in Livingston County during September 2023, and 221 units sold in October 2022. In total, that's a 23 percent decrease in units sold during October 2023 when compared with October 2022 and a 6 percent decrease in units sold compared to September 2023.
See something you like in the latest data? Our local team is here to help you accomplish your real estate goals. Contact us to buy and sell homes throughout the Livingston County, MI area.