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Southeast Michigan Housing Report October 2023


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SEMI 5-County Summary


Sep New Listings
-11% from last month


New Pendings
-13% from last month


Closed Sales
-13% from last month


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


Avg. Sale Price
-2% from last month

All Price Ranges

Jul ’23Aug ’23Sep ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken5,5825,6124,97056,56844,511-21%
New Pendings4,0224,2013,66339,65533,340-16%
Closed Sales3,5154,0673,53536,72330,254-18%
Avg Price$327,142$321,010$314,295$309,567$309,7330%


Jul ’23Aug ’23Sep ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken2,6312,6822,55527,85421,999-21%
New Pendings1,9062,0461,91520,05816,641-17%
Closed Sales1,5601,8181,64817,72514,506-18%

$250k to $500k

Jul ’23Aug ’23Sep ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken1,9742,0501,63319,94615,186-24%
New Pendings1,5221,5921,29914,55612,170-16%
Closed Sales1,3921,5921,39214,02011,441-18%


Jul ’23Aug ’23Sep ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken9778807828,7687,326-16%
New Pendings5945634495,0414,529-10%
Closed Sales5631,5924954,9784,307-13%

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