Real Estate, etc... by Eric Michael: Michigan: Livonia

Livonia, MI Market Report comparing November 2010 & 2011

Livonia, MI Market Report comparing November 2010 & 2011

There were 77 homes sold in November 2010 vs 85 sold in November 2011

Average sold price was $113,994 in 2010 and $122,031 in 2011

Highest sold in 2010 was $335,000 vs $330,795 in 2011

Lowest sold was $14,100 in 2010 and $17,500 in 2011

Average days on market in 2010 was 93. In 2011 it was 85.

Here's the comparison in the different price ranges:

Livonia Home Sales November 2010 & 11

As you can see, the average price per sale is higher and the days on market are just a little bit lower in 2011 than they were in 2010.

I believe that the market has stabilized a bit and that the prices should slowly and somewhat steadily rise. It's not a full blown "rebound," but it's looking better than it has for a long time!

Eric Michael, Real Estate Professional
Remerica Integrity, Realtors
41000 W. 7 Mile #105
Northville, MI 48167

Cell: 734.564.1519

Fax: 248.912.9996

www.ShortSaleInfoMI.com

www.EricMichaelOnline.com

Comment balloon 4 commentsEric Michael • December 18 2011 05:53PM
Livonia, MI Market Report comparing November 2010 & 2011
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