Southeast Michigan Housing Report September 2023
SEMI 5-County Summary
5,590
Aug New Listings
+1% from last month
4,326
New Pendings
+6% from last month
3,954
Closed Sales
+12% from last month
$190
Price Per Sq. Ft.
-1% from last month
$322K
Avg. Sale Price
-2% from last month
All Price Ranges
| Jun ’23 | Jul ’23 | Aug ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 5,619 | 5,526 | 5,590 | 50,145 | 39,198 | -22% |
| New Pendings | 4,418 | 4,090 | 4,326 | 35,614 | 29,933 | -16% |
| Closed Sales | 4,159 | 3,515 | 3,954 | 32,310 | 26,606 | -18% |
| Price/SF | $194 | $191 | $190 | $184 | $183 | 0% |
| Avg Price | $334,754 | $327,142 | $321,894 | $311,107 | $309,210 | -1% |
<$250k
| Jun ’23 | Jul ’23 | Aug ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 2,634 | 2,606 | 2,662 | 24,554 | 19,278 | -21% |
| New Pendings | 1,952 | 1,950 | 2,140 | 17,984 | 14,911 | -17% |
| Closed Sales | 1,808 | 1,560 | 1,757 | 15,577 | 12,797 | -18% |
| Price/SF | $129 | $127 | $128 | $132 | $125 | -5% |
$250k to $500k
| Jun ’23 | Jul ’23 | Aug ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 2,010 | 1,954 | 2,037 | 17,784 | 13,423 | -25% |
| New Pendings | 1,569 | 1,544 | 1,620 | 13,102 | 10,933 | -17% |
| Closed Sales | 1,653 | 1,392 | 1,555 | 12,278 | 10,012 | -18% |
| Price/SF | $198 | $197 | $198 | $189 | $192 | 1% |
>$500k
| Jun ’23 | Jul ’23 | Aug ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 975 | 966 | 891 | 7,807 | 6,497 | -17% |
| New Pendings | 627 | 596 | 566 | 4,528 | 4,089 | -10% |
| Closed Sales | 698 | 1,392 | 642 | 4,455 | 3,797 | -15% |
| Price/SF | $251 | $251 | $245 | $242 | $245 | 1% |
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