Livingston County is leaning toward sellers right now, with a seller’s market gauge reading of 25. Months of supply sit at a low 2.1, down nearly 13 percent from last year, which signals limited inventory relative to demand. Homes are also still moving quickly, with a median of just 17 days on the market.
Recent price activity has been steady, with the typical home value around $416,000 and the median list price up slightly year over year. Sales activity is gaining momentum, as homes sold jumped about 33 percent from last month and more than 14 percent compared with a year ago. New listings have risen by roughly 35 percent month over month and 15 percent annually, giving buyers more options while still keeping conditions tight. Pending sales surged over 40 percent from last month and more than 21 percent versus last year, underscoring strong buyer demand.
Sellers are seeing solid leverage, with nearly 48 percent of homes selling above list price and an average sale-to-list ratio just under 101 percent. Compared with Michigan overall, Livingston County has higher home values and tighter inventory, since the state’s months of supply are closer to 2.9. Even with more listings coming on the market, low supply and quick sales continue to favor well-priced properties. Buyers and sellers who want to navigate these conditions can turn to Agent Pronto to connect with a local agent who understands this market.
