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Southeast Michigan Housing Report February 2024


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SEMI 5-County Summary


Jan New Listings
+6% from last month


New Pendings
+6% from last month


Closed Sales
-22% from last month


Price Per Sq. Ft.
+2% from last month


Avg. Sale Price
+1% from last month

All Price Ranges

Nov ’23Dec ’23Jan ’24YTD ’23YTD ’24YTD (+/-)
Listings Taken5,3014,6814,9643,8694,96427%
New Pendings3,2732,7842,9553,0632,955-4%
Closed Sales3,0392,9262,2702,2902,270-1%
Avg Price$299,884$287,818$290,076$267,297$290,0769%


Nov ’23Dec ’23Jan ’24YTD ’23YTD ’24YTD (+/-)
Listings Taken2,9392,8352,8372,1532,83732%
New Pendings1,7941,5681,6171,7121,617-6%
Closed Sales1,5581,5671,2321,3291,232-7%

$250k to $500k

Nov ’23Dec ’23Jan ’24YTD ’23YTD ’24YTD (+/-)
Listings Taken1,5811,2461,3661,2041,36613%
New Pendings1,0969219621,026962-6%
Closed Sales1,1081,0217787387785%


Nov ’23Dec ’23Jan ’24YTD ’23YTD ’24YTD (+/-)
Listings Taken78160076153976141%
New Pendings38329537632537616%
Closed Sales37333826022326017%

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