Topics

Topics

Blog > Housing Report > Southeast Michigan >Southeast Michigan Housing Report Year-End 2022

Southeast Michigan Housing Report Year-End 2022

SEMI 5-County ’22 Annual Summary

65,669

New Listings
-3% from last year

46,814

Closed Sales
-13% from last year

$181

Price Per Sq. Ft.
+7% from last year

$305K

Avg. Sale Price
+4% from last year

$14.3B

Closed Volume
-10% from last year

Featured Stories

Market Rewards Well-Prepared Listings

< 1 minute

The Southeast Michigan housing market continues to settle into a healthier, more balanced pattern. Buyer activity remains strong, with new pendings rising 3% year-to-date despite new listings trailing last year [...]

Read More

Inventory Builds as Spring Market Takes Shape

< 1 minute

The Southeast Michigan housing market is moving into spring with many of the trends from earlier in the year still in place, now forming a clearer pattern. Compared to recent [...]

Read More

Growing Inventory Despite Fewer New Listings

2 minutes

Inventory continues to rise, even as fewer new listings are coming to market. Active listings are up 21% compared to a year ago, increasing from 5,300 to 6,500. At the [...]

Read More