Southeast Michigan Housing Report November 2023
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SEMI 5-County Summary
4,957
Oct New Listings
-1% from last month
3,536
New Pendings
+1% from last month
3,386
Closed Sales
-7% from last month
$183
Price Per Sq. Ft.
-3% from last month
$301K
Avg. Sale Price
-4% from last month
All Price Ranges
| Aug ’23 | Sep ’23 | Oct ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 5,657 | 4,997 | 4,957 | 62,512 | 49,764 | -20% |
| New Pendings | 4,099 | 3,510 | 3,536 | 43,448 | 36,504 | -16% |
| Closed Sales | 4,067 | 3,640 | 3,386 | 40,485 | 33,745 | -17% |
| Price/SF | $190 | $188 | $183 | $183 | $184 | 1% |
| Avg Price | $321,010 | $313,286 | $301,356 | $308,691 | $308,797 | 0% |
<$250k
| Aug ’23 | Sep ’23 | Oct ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 2,712 | 2,603 | 2,628 | 30,998 | 24,810 | -20% |
| New Pendings | 1,973 | 1,801 | 1,890 | 22,127 | 18,272 | -17% |
| Closed Sales | 1,818 | 1,709 | 1,645 | 19,625 | 16,212 | -17% |
| Price/SF | $128 | $131 | $126 | $132 | $126 | -4% |
$250k to $500k
| Aug ’23 | Sep ’23 | Oct ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 2,058 | 1,620 | 1,590 | 21,882 | 16,837 | -23% |
| New Pendings | 1,564 | 1,267 | 1,255 | 15,845 | 13,334 | -16% |
| Closed Sales | 1,592 | 1,423 | 1,296 | 15,427 | 12,768 | -17% |
| Price/SF | $198 | $196 | $192 | $189 | $192 | 2% |
>$500k
| Aug ’23 | Sep ’23 | Oct ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 887 | 774 | 739 | 9,632 | 8,117 | -16% |
| New Pendings | 562 | 442 | 391 | 5,476 | 4,898 | -11% |
| Closed Sales | 657 | 508 | 445 | 5,433 | 4,765 | -12% |
| Price/SF | $246 | $249 | $250 | $242 | $246 | 2% |
