Southeast Michigan Housing Report July 2024
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SEMI 5-County Summary
5,406
Jun New Listings
-6% from last month
4,294
New Pendings
+4% from last month
3,635
Closed Sales
-4% from last month
$206
Price Per Sq. Ft.
even with last month
$350K
Avg. Sale Price
even with last month
All Price Ranges
| Apr’ 24 | May ’24 | Jun ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 5,170 | 5,781 | 5,406 | 29,500 | 28,461 | -4% |
| New Pendings | 3,891 | 4,131 | 4,294 | 21,564 | 21,440 | -1% |
| Closed Sales | 3,360 | 3,757 | 3,625 | 19,141 | 18,626 | -3% |
| Price/SF | $197 | $205 | $206 | $180 | $195 | 8% |
| Avg Price | $326,532 | $350,797 | $349,912 | $303,283 | $323,847 | 7% |
<$250k
| Apr ’24 | May ’24 | Jun ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 2,317 | 2,416 | 2,305 | 14,751 | 13,473 | -9% |
| New Pendings | 2,099 | 2,262 | 2,347 | 11,619 | 11,833 | 2% |
| Closed Sales | 1,514 | 1,588 | 1,455 | 9,482 | 8,651 | -9% |
| Price/SF | $126 | $129 | $131 | $124 | $127 | 2% |
$250k to $500k
| Apr ’24 | May ’24 | Jun ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 1,853 | 2,120 | 1,925 | 9,838 | 9,678 | -2% |
| New Pendings | 1,218 | 1,273 | 1,392 | 6,764 | 6,566 | -3% |
| Closed Sales | 1,313 | 1,453 | 1,472 | 7,067 | 6,968 | -1% |
| Price/SF | $204 | $210 | $207 | $189 | $203 | 7% |
>$500k
| Apr ’24 | May ’24 | Jun ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 1,000 | 1,200 | 1,176 | 4,911 | 5,310 | 8% |
| New Pendings | 574 | 596 | 555 | 3,181 | 3,041 | -4% |
| Closed Sales | 533 | 716 | 698 | 2,592 | 3,007 | 16% |
| Price/SF | $268 | $267 | $266 | $244 | $262 | 8% |
