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Southeast Michigan Housing Report July 2023

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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 ’23May ’23Jun ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken4,6855,6835,48135,11627,205-23%
New Pendings3,7914,2984,34025,87121,854-16%
Closed Sales2,9493,8884,04923,24119,027-18%
Price/SF$181$187$195$182$180-1%
Avg Price$300,035$318,281$337,932$306,430$303,790-1%

<$250k

Apr ’23May ’23Jun ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken2,2142,6572,55217,24113,496-22%
New Pendings1,8382,0322,08813,18611,061-16%
Closed Sales1,4881,7681,73911,5349,411-18%
Price/SF$125$126$129$130$124-4%

$250k to $500k

Apr ’23May ’23Jun ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken1,6152,0231,96012,2679,166-25%
New Pendings1,4001,6211,6229,3567,858-16%
Closed Sales1,0751,5071,6158,5697,027-18%
Price/SF$189$194$198$190$1890%

>$500k

Apr ’23May ’23Jun ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken8561,0039695,6084,543-19%
New Pendings5536456303,3292,935-12%
Closed Sales3866136953,1382,589-17%
Price/SF$248$245$251$242$2441%

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