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WHMI: Keep It Local

Thursday, February 25, 2021   /   by Sam Gerardi

WHMI: Keep It Local

2016 sales stats are in and available for your review. Livingston county continues to experience an inventory shortage and quicker than average sales compared to other markets in Michigan.  Sales are seasonally affected to be highest in the late spring through early fall as shown in the graph below. The shape of this graph is pretty typical. What is different this past year is the impact the low inventory had on the volume. At the peak in 2016, we had an inventory of ~920 single family homes. Today - January 7 - the active inventory has reached a low of 427 listings!  Where low inventory typically helps prices rise, it also has the affect of keeping buyers at home as seeing one home at a time is for motivated buyers only.  This has been a problem for nearly 24 months making pent up demand a huge factor for a great spring in real estate.  So, if you are thinking of making a move it is a good idea to start planning now.

 
The Synergy Team at My Home Group
The Synergy Team
1840 East Warner Road Suite 124
Tempe, AZ 85284
480-747-7064
CARRIE HUGHES Senior Loan Officer
Call or Text: 623.680.9046
2055 E Centennial Cir, Tempe, AZ 85284
NMLS-240551

© 2025 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Jasson Dellacroce - The Synergy Team / My Home Group are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. June 15, 2025
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