Nov New Listings
-29% from last month
New Pendings
-44% from last month
Closed Sales
-30% from last month
Price Per Sq. Ft.
+2% from last month
Avg. Sale Price
+5% from last month
Property Type | Sep ’23 | Oct ’23 | Nov ’23 | YTD ’23 vs. ’21 | YTD ’23 vs. ’22 | |
All Combined | Sales | 327 | 318 | 224 | -24% | -11% |
Avg Price | $480,274 | $472,870 | $497,017 | 21% | 9% | |
Waterfront | Sales | 67 | 57 | 47 | -25% | -7% |
Avg Price | $986,997 | $872,818 | $947,650 | 21% | 9% | |
Non-Waterfront | Sales | 199 | 208 | 140 | -22% | -12% |
Avg Price | $352,406 | $376,172 | $393,338 | 20% | 7% | |
Condo | Sales | 61 | 53 | 37 | -28% | -14% |
Avg Price | $340,854 | $422,228 | $316,886 | 27% | 7% |
Price Range | Sep ’23 | Oct ’23 | Nov ’23 | YTD ’23 vs. ’21 | YTD ’23 vs. ’22 | |
All Combined | Sales | 327 | 318 | 224 | -24% | -11% |
$/SF | $257 | $264 | $270 | 21% | 7% | |
Avg Price | $480,274 | $472,870 | $497,017 | 21% | 9% | |
<$350k | Sales | 162 | 156 | 107 | -40% | -21% |
$/SF | $162 | $175 | $183 | 13% | 3% | |
$350k-$700k | Sales | 115 | 113 | 79 | 0% | -2% |
$/SF | $239 | $234 | $238 | 11% | 2% | |
>$700k | Sales | 50 | 49 | 38 | 10% | 8% |
$/SF | $409 | $447 | $426 | 8% | 3% |
Michigan Property Taxes in a Nutshell
2 minutes
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After several years of rapidly rising prices and mild inflation (until the past two years) homebuyers and sellers need to be aware of the potential for a significant jump between [...]
Southeast Michigan 2024 Housing: Trends and Predictions
2 minutes
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Through the first half of 2024, expect demand to continue to outweigh supply. However, as the year progresses, expect to see inventory gradually rise into a more balanced position as [...]
’23 Market Summary and ’24 Predictions
< 1 minute
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After a few years of supply shortages, inventory began to return to more normal levels in the second half of 2023. Demand remains strong and buyers continue to wait for [...]