Sales were flat for the year ending 6/30/2011, and the distribution of sales by price point is a nearly perfect reflection of the prior year. Looking forward, sales are likely to remain strong as nearly all price point ranges had more recent buyers than they have active listings. Despite this upbeat assessment, sale prices at the 50th, 60th and 80th percentiles continue to show weakness, a concession to bargain hunters.

Despite that, it’s hard to see Livingston as anything but a sellers market, especially since 51% of total listings for the past 12 months either sold or went under-contract. The strongest sellers’ market was $1,179,000-$1,290,000, where 58% of the listings sold and 43% of the sales were at Original List Price or more.

More Livingston market information can be found at www.wessex-homes.com. This report was prepared by Brian McCabe, a Realtor with Coldwell Banker in Caldwell NJ.