Blog > Housing Report > Southeast Michigan > Southeast Michigan April 2022
Southeast Michigan April 2022
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Available Listings
+8% from last month
New Pendings
+26% from last month
YTD Closed Sales
-6% from last year
YTD Avg Sale Price
+8% from last year
YTD Price Per Sq Ft
+13% from last year
Listings | Change | New Pendings | Change | Months Supply | Change | |
All | 3,908 | 8% | 5,079 | 26% | 0.8 | -15% |
$10k - $150k | 1,436 | -6% | 1,306 | 19% | 1.1 | -21% |
$150k - $250k | 620 | 9% | 1,460 | 26% | 0.4 | -13% |
$250k - $500k | 960 | 26% | 1,709 | 32% | 0.6 | -5% |
$500k+ | 892 | 17% | 604 | 30% | 1.5 | -10% |
YTD Closed | 22 v 21 | 22 v 20 | $/SF | 22 v 21 | 22 v 20 | |
All | 9,649 | -6% | 0% | $174 | 13% | 28% |
$10k - $150k | 2,475 | -12% | -28% | $90 | 5% | 14% |
$150k - $250k | 2,873 | -9% | -1% | $155 | 8% | 17% |
$250k - $500k | 3,221 | -4% | 16% | $182 | 11% | 22% |
$500k+ | 1,080 | 19% | 100% | $243 | 12% | 16% |
Michigan Property Taxes in a Nutshell
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After several years of rapidly rising prices and mild inflation (until the past two years) homebuyers and sellers need to be aware of the potential for a significant jump between [...]
Southeast Michigan 2024 Housing: Trends and Predictions
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Through the first half of 2024, expect demand to continue to outweigh supply. However, as the year progresses, expect to see inventory gradually rise into a more balanced position as [...]
’23 Market Summary and ’24 Predictions
< 1 minute
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After a few years of supply shortages, inventory began to return to more normal levels in the second half of 2023. Demand remains strong and buyers continue to wait for [...]