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Livingston County Michigan Market
I'm tracking three Livingston County markets this year - Green Oak Township, Brighton (City and township) and Hartland Township, which includes the Village of Hartland. All three sort of border the Oakland County Townships that I had already been tracking (actually I've tracked Brighton for a couple of years now).

The Green Oak market is subsumed into the Brighton Market in the Altos Research statistics, which is OK since Green Oak is more or less a bedroom community that feels a lot like a suburb of Brighton. So the chart below has both the Brighton and Green Oak sales included in the data.



As you can see, this area experienced that same double-dip bounce as the ones that I reported on last week. There was a big apparently rise in the median prices of sold homes near the end of the year, followed by an equally dramatic fall again at the end of the year and into 2011. That was caused mainly by the pause that the big banks went through on foreclosures after the legal brouhaha last fall. When the banks stopped foreclosing and dumping those homes on the market, more and more normal home sales ... more

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