Southeast Michigan Housing Report December 2023
SEMI 5-County Summary
4,084
Nov New Listings
-18% from last month
3,055
New Pendings
-10% from last month
2,948
Closed Sales
-15% from last month
$184
Price Per Sq. Ft.
+1% from last month
$299K
Avg. Sale Price
even with last month
All Price Ranges
| Sep ’23 | Oct ’23 | Nov ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 5,041 | 4,979 | 4,084 | 66,973 | 54,182 | -19% |
| New Pendings | 3,454 | 3,408 | 3,055 | 46,469 | 39,261 | -16% |
| Closed Sales | 3,640 | 3,467 | 2,948 | 43,657 | 36,775 | -16% |
| Price/SF | $188 | $182 | $184 | $182 | $184 | 1% |
| Avg Price | $313,286 | $299,863 | $299,078 | $307,431 | $307,857 | 0% |
<$250k
| Sep ’23 | Oct ’23 | Nov ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 2,634 | 2,659 | 2,215 | 33,499 | 27,208 | -19% |
| New Pendings | 1,757 | 1,786 | 1,662 | 23,860 | 19,709 | -17% |
| Closed Sales | 1,709 | 1,692 | 1,511 | 21,279 | 17,771 | -16% |
| Price/SF | $131 | $126 | $126 | $131 | $126 | -4% |
$250k to $500k
| Sep ’23 | Oct ’23 | Nov ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 1,627 | 1,588 | 1,296 | 23,292 | 18,229 | -22% |
| New Pendings | 1,256 | 1,236 | 1,044 | 16,860 | 14,322 | -15% |
| Closed Sales | 1,423 | 1,325 | 1,080 | 16,579 | 13,877 | -16% |
| Price/SF | $196 | $192 | $195 | $188 | $192 | 2% |
>$500k
| Sep ’23 | Oct ’23 | Nov ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 780 | 732 | 573 | 10,182 | 8,745 | -14% |
| New Pendings | 441 | 386 | 349 | 5,749 | 5,230 | -9% |
| Closed Sales | 508 | 45 | 357 | 5,799 | 5,127 | -12% |
| Price/SF | $249 | $250 | $260 | $241 | $247 | 2% |
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