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Southeast Michigan Housing Report September 2023


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SEMI 5-County Summary


Aug New Listings
+1% from last month


New Pendings
+6% from last month


Closed Sales
+12% from last month


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


Avg. Sale Price
-2% from last month

All Price Ranges

Jun ’23Jul ’23Aug ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken5,6195,5265,59050,14539,198-22%
New Pendings4,4184,0904,32635,61429,933-16%
Closed Sales4,1593,5153,95432,31026,606-18%
Avg Price$334,754$327,142$321,894$311,107$309,210-1%


Jun ’23Jul ’23Aug ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken2,6342,6062,66224,55419,278-21%
New Pendings1,9521,9502,14017,98414,911-17%
Closed Sales1,8081,5601,75715,57712,797-18%

$250k to $500k

Jun ’23Jul ’23Aug ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken2,0101,9542,03717,78413,423-25%
New Pendings1,5691,5441,62013,10210,933-17%
Closed Sales1,6531,3921,55512,27810,012-18%


Jun ’23Jul ’23Aug ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken9759668917,8076,497-17%
New Pendings6275965664,5284,089-10%
Closed Sales6981,3926424,4553,797-15%

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