Livingston County Leads Region For October Home Sales Increase
Rising home sales and median sale prices across the region marked another month of market improvement in October. Led by Livingston County’s 9.9% climb from 284 sales in October 2014 to 312 sales last month, Wayne, Oakland and Macomb also saw continued sales increases according to data released Thursday by Farmington Hills-based Realcomp Ltd. II. However, the 6.1% year-over-year increase in October in home and condo sales in all four counties didn’t match the 11.2% recorded year-over-year in September. Median home and condo sale prices also continued on the upward swing, posting a 3.4% gain in the four-county region from $145,000 in October 2014 to $150,000 last month. While Livingston County’s modest 1.4% increase paled in comparison to Macomb County’s 9.3% spike, Livingston’s median price of $216,800 was well over Macomb’s $139,900. Homes spent an average of 41 days on the market last month, according to Realcomp, an increase from the 37 days on average they spent on the market in September. (JK)
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