“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

John and Lisa Marker

Livonia Market Statistics

 Livonia Statistics for 2006, 2007 and currently in 2008!

 

 

Listing Statistics for 2006, 2007, 2008 Ytd for city of Livonia.

 According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index, Detroit-Livonia-Dearborn, Michigan is one of the top 10 most affordable large metro areas. With that being said, to the left is a graph showing the Listing Price Statistics for the years 2006, 2007 and current for 2008. As well as the graph below showing the Listing Price Statistics for REO's in 2006, 2007 and current for 2008. Below is the inventory history for all three years.

2008 Current Inventory
Active Listings 777
Sold Listings 75.58
Month's supply 10.36

2007 Data

Sold Listings 908
Average DOM 119

2006 Data

Sold Listings 760
Average DOM 101

As you can see from looking at the graphs, the high listing prices are still high for both, but the REO listings are significantly lower than those in the normal listings prices.  Below is the inventory history for REO's for all three years.

2008 Data
Active Listings 816
Sold Listings 115
Month's supply 18.5

2007 Data
Listings Sold 907
Sold REO Listings 89
10% REO

2006 Data
Listings Sold 760
Sold REO Listings 33
4.3% REO

The amount of solds for REO properties have been going up the past few years. It is not even the middle of the year and we are close to half of what sold last year.

REO Listing Price Statistics for 2006, 2007, and 2008 Ytd for city of Livonia

Thanks for viewing my home market report  for Livonia, check out my website at http://www.themarkerteam.com or you can visit http://www.livoniahomes.com.  Also, if your interested in a foreclosure or bank owned home, send me an email and I will set you up on a special email notification as they come on the market.