Livonia Michigan Real Estate Market Update July 2015

By
Real Estate Agent with National Realty Centers Livonia--Bob Jakowinicz

Livonia Michigan Real Estate Market Update July 2015

Thank You for stopping by our web-blog about Livonia Michigan Real Estate market.  The currentLivonia Michigan City Sign market in Livonia has been a sellers market.  The home inventory is low, home prices rising, cash offers, offer bidding wars, over asking price offers and everything in between has been happening in the area.  This is not on every home for sale in the city of Livonia but has been occurring a lot more than we have experienced in the past 10 years.  

 

I just ran the number of available properties to purchase in Livonia and came up with a total number of 287.  This number would include the entire city of Livonia, condo's and Clarenceville school district.  We have seen this number fall as low as 200 in recent months and now see it creeping up to closer to 300.  If you have any real estate specific questions feel free to contact us at 734-578-6561, email us at BobandTeena@Yahoo.com or visit our website at www.BobandTeena.com.  

June 2015 Numbers

Monthly Highlights:

  • All MLS sales up by 14.1%
  • Median sales price up for MLS 10.3%
  • Days on market remaining the same
  • Almost 94% of the homes for sale are non distressed properties.

Livonia Michigan Home Buyers:

For many Livonia Michigan Home Buyers this has been a frustrating time.  Many have saved 20% down for their new mortgage, have great credit, been looking for a few months and are ready to purchase their new home.  Once the home is found the Livonia home buyer may be noticing a lot of others are also interested in the same home.  It is not uncommon to find out a home buyers has been outbid on a home they fell in love with.  In some cases home buyers are coming in over asking price and still being outbid, as you can see this can lead to some frustration over time. 

We would love the opportunity to assist you or anyone you know in the general Livonia Michigan Real Estate market.  Please feel free to pass our information to anyone you know that may be interested.

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Jim Crawford
RE/MAX Paramount Properties - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Bob Jakowinicz, thank you for taking the time to share this market report.  This is great info for buyers and sellers alike!

Jul 21, 2015 09:56 PM #1
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Bob Jakowinicz

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