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Blog > Housing Report > Southeast Michigan >Southeast Michigan September 2022

Southeast Michigan September 2022

8,316

Available Listings
+1% from last month

5,668

New Pendings
-3% from last month

31,730

YTD Closed Sales
-7% from last year

$312K

YTD Avg Sale Price
+6% from last year

$184

YTD Price Per Sq Ft
+9% from last year

Monthly Activity

Monthly Activity

ListingsChangeNew PendingsChangeMonths SupplyChange
All8,3161%5,66817%1.5-14%
$10k - $150k2,4827%1,21329%2.0-17%
$150k - $250k1,5172%1,67119%0.9-15%
$250k - $500k2,545-4%2,15716%1.2-17%
$500k+1,772-2%627-1%2.8-1%

YTD Closed Activity

YTD Closed’22 v ’21’22 v ’20$/SF’22 v ’21’22 v ’20
All31,730-7%6%$1849%27%
$10k - $150k6,431-13%-26%$893%9%
$150k - $250k8,857-11%-2%$1606%15%
$250k - $500k12,044-6%19%$1899%23%
$500k+4,39810%104%$2428%16%

Featured Stories

Market Rewards Well-Prepared Listings

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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 [...]

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Inventory Builds as Spring Market Takes Shape

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Growing Inventory Despite Fewer New Listings

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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 [...]

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