8/13/13 - While Livingston County home sales jumped again in July, it was the sale prices that saw some real movement. Farmington Hills-based Realcomp II Limited reports that the combined Livingston County home and condo sales for July increased 9.5%, while the median sales price jumped 17.6%. In July 2012, the average price of a home being sold in Livingston County $157,250. Last month, that number was $185,000. Adding to the signs of an improving real estate market was the decline in the number of foreclosure sales locally, which were down more than 30%. Non-foreclosure sales, meanwhile, were up nearly 25% from a year earlier. Across the metro Detroit area - defined by Realcomp as the four-county region of Wayne, Oakland, Macomb and Livingston Counties â while sales were only up about 4%, prices were up more than 47% over last year. Inventory was also down 27% from June 2012. Realcomp reports homes were on the market for an average of 52 days before getting sold in July â eight fewer days than homes sold in June.
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