Washtenaw County Housing Report July 2023

June New Listings
+1% from last month
New Pendings
-4% from last month
Closed Sales
+2% from last month
Price Per SQ FT
-1% from last month
Avg Sale Price
-1% from last month
Apr ’23 | May ’23 | June ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 335 | 364 | 366 | 2,239 | 1,743 | -22% |
New Pendings | 283 | 316 | 302 | 1,797 | 1,460 | -19% |
Closed Sales | 234 | 307 | 314 | 1,676 | 1,366 | -18% |
Price/SF | $247 | $264 | $261 | $234 | $244 | 5% |
Avg Price | $521,433 | $534,396 | $527,394 | $462,731 | $488,651 | 6% |
Apr ’23 | May ’23 | June ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 79 | 62 | 76 | 599 | 360 | -40% |
New Pendings | 58 | 67 | 70 | 544 | 361 | -34% |
Closed Sales | 42 | 55 | 59 | 450 | 323 | -28% |
Price/SF | $170 | $178 | $179 | $166 | $173 | 5% |
Apr ’23 | May ’23 | June ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 180 | 200 | 186 | 1,133 | 916 | -19% |
New Pendings | 159 | 178 | 150 | 892 | 784 | -12% |
Closed Sales | 132 | 163 | 162 | 855 | 726 | -15% |
Price/SF | $231 | $231 | $240 | $223 | $227 | 2% |
Apr ’23 | May ’23 | June ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 76 | 102 | 104 | 507 | 467 | -8% |
New Pendings | 66 | 71 | 82 | 361 | 315 | -13% |
Closed Sales | 60 | 89 | 93 | 371 | 317 | -15% |
Price/SF | $288 | $324 | $306 | $283 | $300 | 6% |
June New Listings
-28% from last month
New Pendings
-23% from last month
Closed Sales
+11% from last month
Price Per SQ FT
+2% from last month
Avg. Sale Price
+9% from last month
Apr ’23 | May ’23 | June ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 139 | 128 | 92 | 701 | 609 | -13% |
New Pendings | 109 | 108 | 83 | 579 | 509 | -12% |
Closed Sales | 95 | 105 | 117 | 539 | 491 | -9% |
Price/SF | $248 | $267 | $272 | $237 | $260 | 10% |
Avg Price | $339,428 | $352,564 | $382,668 | $327,499 | $362,259 | 11% |
Apr ’23 | May ’23 | June ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 35 | 36 | 29 | 227 | 165 | -27% |
New Pendings | 33 | 37 | 25 | 233 | 156 | -33% |
Closed Sales | 27 | 34 | 31 | 196 | 146 | -26% |
Price/SF | $187 | $193 | $204 | $182 | $190 | 4% |
Apr ’23 | May ’23 | June ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 78 | 70 | 41 | 327 | 316 | -3% |
New Pendings | 60 | 51 | 48 | 268 | 270 | 1% |
Closed Sales | 52 | 50 | 64 | 274 | 251 | -8% |
Price/SF | $236 | $257 | $232 | $234 | $234 | 0% |
Apr ’23 | May ’23 | June ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 26 | 22 | 22 | 147 | 128 | -13% |
New Pendings | 16 | 20 | 10 | 78 | 83 | 6% |
Closed Sales | 16 | 21 | 22 | 69 | 94 | 36% |
Price/SF | $326 | $343 | $412 | $322 | $364 | 13% |
Washtenaw County – Over-Asking Sales Remain High Despite Slower Market
< 1 minute The shortage of new listings continues to tighten the reins on sales activity. Monthly year-over-year listing reductions of 23%, 31% and 34% in May, June and July have resulted in [...]
Washtenaw County – Supply Down, Demand Strong, Prices at Historic Highs
< 1 minute The Washtenaw County real estate market continues to see historic trends as we move through the summer of 2023. While inventory has dropped significantly, down 28% compared to June of [...]
Buyer Competition Drives Historic Prices
< 1 minute This year’s year-to-date sales decline of 18% is directly associated with a 19% drop in new listings. Buyers remain on the lookout for movein- ready listings, particularly the more affordable [...]