Real Estate Market Looking Up In Livingston CountyReal Estate Market Looking Up In Livingston County

2/12/13 - The RealComp real estate listing service has released market numbers for Metro Detroit for January, and overall the report is good news for Livingston County. Compared to January 2012, the number of homes sold last month increased by 29% while prices remained virtually unchanged. That number included a small decrease in the number of foreclosure sales, while the number of non-foreclosure sales jumped nearly 50%. The number of homes on the market waiting to be sold has also decreased by 22% since last January, with the average home spending 96 days on the market before being sold. The news was not all good, however. While the average sale price held steady from 2012 to 2013 at about $150,000, prices on non-foreclosed homes decreased by about 11% over that period. Those falling prices were offset by a 13% increase in sale prices on foreclosed homes. Livingston County had the highest sale prices for foreclosed homes in the 15 communities included in the report, and was second only to Grosse Pointe in overall sale prices. (TD)