Livingston County MI Real Estate Stats for August 2009

Have we bottomed out? Is the recession over? I don't know the answer to either question, but what I do know is that listings are down and home sales are up in Livingston County--what this could mean is that the real estate market could be slowly moving into a seller's market. Yep, you read it right--seller's market. Check out the stats below recently released from the Livingston County Board of Realtors and you decide.... It is true prices are depressed but maybe that means that the "real" value of real estate is finding itself.

2009 Versus 2008

Listings* 609 727

Sold 184 143

Sale Price $145,000 $175,600

*Only includes residential only--not condos, commercial, vacant land

(This statistical information, although not guaranteed, is from data I believe reliable. )

So if you are a homeowner who has been thinking about selling their home, be prepared if your home is priced RIGHT for possible multiple offers. That is what us realtors are seeing in our negotiations.