Southeast Michigan Housing Report August 2023
SEMI 5-County Summary
5,522
July New Listings
-3% from last month
4,318
New Pendings
+1% from last month
3,414
Closed Sales
-18% from last month
$192
Price Per Sq. Ft.
-1% from last month
$330K
Avg. Sale Price
-1% from last month
All Price Ranges
| May ’23 | Jun ’23 | Jul ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 6,028 | 5,671 | 5,552 | 43,062 | 33,961 | -21% |
| New Pendings | 4,529 | 4,454 | 4,318 | 30,689 | 26,862 | -12% |
| Closed Sales | 3,888 | 4,159 | 3,414 | 27,628 | 22,551 | -18% |
| Price/SF | $187 | $194 | $192 | $183 | $182 | -1% |
| Avg Price | $318,281 | $334,754 | $330,181 | $309,493 | $307,365 | -1% |
<$250k
| May ’23 | Jun ’23 | Jul ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 2,860 | 2,674 | 2,577 | 20,967 | 16,759 | -20% |
| New Pendings | 2,144 | 2,138 | 2,092 | 15,510 | 13,474 | -13% |
| Closed Sales | 1,768 | 1,808 | 1,496 | 13,452 | 10,976 | -18% |
| Price/SF | $126 | $129 | $128 | $131 | $125 | -5% |
$250k to $500k
| May ’23 | Jun ’23 | Jul ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 2,124 | 2,033 | 1,962 | 15,260 | 11,474 | -25% |
| New Pendings | 1,689 | 1,652 | 1,609 | 11,192 | 9,650 | -14% |
| Closed Sales | 1,507 | 1,653 | 1,363 | 10,394 | 8,428 | -19% |
| Price/SF | $194 | $198 | $197 | $190 | $190 | 0% |
>$500k
| May ’23 | Jun ’23 | Jul ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 1,044 | 991 | 983 | 6,835 | 5,728 | -16% |
| New Pendings | 696 | 664 | 617 | 3,987 | 3,738 | -6% |
| Closed Sales | 613 | 698 | 555 | 3,782 | 3,147 | -17% |
| Price/SF | $245 | $251 | $252 | $242 | $245 | 1% |
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