Southeast Michigan Housing Report July 2023
SEMI 5-County Summary
5,481
June New Listings
-4% from last month
4,340
New Pendings
+1% from last month
4,049
Closed Sales
+4% from last month
$195
Price Per Sq. Ft.
+4% from last month
$338K
Avg. Sale Price
+6% from last month
All Price Ranges
| Apr ’23 | May ’23 | Jun ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 4,685 | 5,683 | 5,481 | 35,116 | 27,205 | -23% |
| New Pendings | 3,791 | 4,298 | 4,340 | 25,871 | 21,854 | -16% |
| Closed Sales | 2,949 | 3,888 | 4,049 | 23,241 | 19,027 | -18% |
| Price/SF | $181 | $187 | $195 | $182 | $180 | -1% |
| Avg Price | $300,035 | $318,281 | $337,932 | $306,430 | $303,790 | -1% |
<$250k
| Apr ’23 | May ’23 | Jun ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 2,214 | 2,657 | 2,552 | 17,241 | 13,496 | -22% |
| New Pendings | 1,838 | 2,032 | 2,088 | 13,186 | 11,061 | -16% |
| Closed Sales | 1,488 | 1,768 | 1,739 | 11,534 | 9,411 | -18% |
| Price/SF | $125 | $126 | $129 | $130 | $124 | -4% |
$250k to $500k
| Apr ’23 | May ’23 | Jun ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 1,615 | 2,023 | 1,960 | 12,267 | 9,166 | -25% |
| New Pendings | 1,400 | 1,621 | 1,622 | 9,356 | 7,858 | -16% |
| Closed Sales | 1,075 | 1,507 | 1,615 | 8,569 | 7,027 | -18% |
| Price/SF | $189 | $194 | $198 | $190 | $189 | 0% |
>$500k
| Apr ’23 | May ’23 | Jun ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 856 | 1,003 | 969 | 5,608 | 4,543 | -19% |
| New Pendings | 553 | 645 | 630 | 3,329 | 2,935 | -12% |
| Closed Sales | 386 | 613 | 695 | 3,138 | 2,589 | -17% |
| Price/SF | $248 | $245 | $251 | $242 | $244 | 1% |
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