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Southeast Michigan Housing Report August 2023

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SEMI 5-County Summary

5,522

July New Listings
-3% from last month

4,318

New Pendings
+1% from last month

3,414

Closed Sales
-18% from last month

$192

Price Per Sq. Ft.
-1% from last month

$330K

Avg. Sale Price
-1% from last month

All Price Ranges

May ’23Jun ’23Jul ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken6,0285,6715,55243,06233,961-21%
New Pendings4,5294,4544,31830,68926,862-12%
Closed Sales3,8884,1593,41427,62822,551-18%
Price/SF$187$194$192$183$182-1%
Avg Price$318,281$334,754$330,181$309,493$307,365-1%

<$250k

May ’23Jun ’23Jul ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken2,8602,6742,57720,96716,759-20%
New Pendings2,1442,1382,09215,51013,474-13%
Closed Sales1,7681,8081,49613,45210,976-18%
Price/SF$126$129$128$131$125-5%

$250k to $500k

May ’23Jun ’23Jul ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken2,1242,0331,96215,26011,474-25%
New Pendings1,6891,6521,60911,1929,650-14%
Closed Sales1,5071,6531,36310,3948,428-19%
Price/SF$194$198$197$190$1900%

>$500k

May ’23Jun ’23Jul ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken1,0449919836,8355,728-16%
New Pendings6966646173,9873,738-6%
Closed Sales6136985553,7823,147-17%
Price/SF$245$251$252$242$2451%

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