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Southeast Michigan December 2022

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4,001

Nov. New Listings
-25% from last month

3,290

New Pendings
-17% from last month

3,146

Closed Sales
-16% from last month

$292K

Avg. Sale Price
-3% from last month

$173

Price Per Sq. Ft.
-3% from last month

5-County Summary

All Price Ranges

SepOctNovYTD ’21YTD ’22YTD (+/-)
New Listings5,8145,3054,00164,35663,239-2%
New Pendings4,1023,9543,29052,65047,112-11%
Closed Sales4,4133,7663,14649,51843,669-12%
Price/SF$179$178$173$169$1828%
Avg Price$298,298$300,730$291,817$293,991$307,8905%

<$250k

SepOctNovYTD ’21YTD ’22YTD (+/-)
New Listings3,0232,8382,22133,34731,649-5%
New Pendings2,1262,1861,92927,76724,301-12%
Closed Sales2,1481,9001,63625,26121,261-16%
Price/SF$133$130$128$128$1313%

$250k to $500k

SepOctNovYTD ’21YTD ’22YTD (+/-)
New Listings1,9531,7251,28922,39322,099-1%
New Pendings1,4681,3251,07319,01817,007-11%
Closed Sales1,7421,4081,14518,55116,578-11%
Price/SF$187$184$180$175$1888%

>$500k

SepOctNovYTD ’21YTD ’22YTD (+/-)
New Listings8387424918,6169,49110%
New Pendings5084432885,8655,804-1%
Closed Sales5234583655,7065,8302%
Price/SF$236$242$233$224$2418%

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