Southeast Michigan September 2022
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Available Listings
+1% from last month

New Pendings
-3% from last month

YTD Closed Sales
-7% from last year

YTD Avg Sale Price
+6% from last year

YTD Price Per Sq Ft
+9% from last year
| Listings | Change | New Pendings | Change | Months Supply | Change | |
| All | 8,316 | 1% | 5,668 | 17% | 1.5 | -14% |
| $10k - $150k | 2,482 | 7% | 1,213 | 29% | 2.0 | -17% |
| $150k - $250k | 1,517 | 2% | 1,671 | 19% | 0.9 | -15% |
| $250k - $500k | 2,545 | -4% | 2,157 | 16% | 1.2 | -17% |
| $500k+ | 1,772 | -2% | 627 | -1% | 2.8 | -1% |
| YTD Closed | ’22 v ’21 | ’22 v ’20 | $/SF | ’22 v ’21 | ’22 v ’20 | |
| All | 31,730 | -7% | 6% | $184 | 9% | 27% |
| $10k - $150k | 6,431 | -13% | -26% | $89 | 3% | 9% |
| $150k - $250k | 8,857 | -11% | -2% | $160 | 6% | 15% |
| $250k - $500k | 12,044 | -6% | 19% | $189 | 9% | 23% |
| $500k+ | 4,398 | 10% | 104% | $242 | 8% | 16% |
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 [...]
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 [...]
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 [...]