Buyers continue to grapple with
higher interest rates, prices, and
taxes, in addition to facing depleted
and picked-over inventory.
Since the best new listings sell
quickly, the remaining listings on
the market are typically overpriced
or lack the condition and detailing
that buyers desire. Despite these
challenges, buyers continue to seize
the best listings within their initial
days on the market, often with
multiple offers and prices exceeding
the asking amount.

Although the rate of over-askingpriced
sales dipped slightly in
September, 69% of Washtenaw
single-family sales were at or above
the full price. Over half of these
were above the full price, while 18%
closed at the list price. Less than onethird
of the closed sales were priced
below the asking amount.

Through the first quarter of 2023,
values remained close to the levels
of the previous year. However, since
April, they have been trending higher.
The year-to-date average price per
square foot (PPSF) has increased
by 4%. While prices are expected
to soften through the remainder of
the year due to further inventory
depletion, September’s PPSF saw a
5% rise compared to the same month
last year.