Real Estate Market Current Conditions

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May sales for 2012 show a large percentage increase over May of 2011.

In the one multiple listing system I use, Realcomp, which is used mainly by Livingston and Oakland Counties, there was a sales increase of 11.4% with  a total of 6,325 sales compared to 5,679 in May 2011.

Livingston County sales increased 14.8% with 240 sales compared to 209 in May 2011.

Average Days On-Market (DOM) for the entire MLS decreased by 13 days from last year:  97 DOM to 84 DOM.

Of the 6,325 sales closed in May of this year, 11.6% (735) were identified as short sales.

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