Southeast Michigan Housing Report June 2023
SEMI 5-County Summary
5,627
May New Listings
+24% from last month
4,425
New Pendings
+18% from last month
3,624
Closed Sales
+23% from last month
$187
Price Per Sq. Ft.
+3% from last month
$317K
Avg. Sale Price
+6% from last month
All Price Ranges
| Mar ’23 | Apr ’23 | May ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 4,362 | 4,536 | 5,627 | 26,872 | 21,332 | -21% |
| New Pendings | 3,425 | 3,739 | 4,425 | 20,962 | 17,622 | -16% |
| Closed Sales | 3,288 | 2,949 | 3,624 | 18,334 | 14,714 | -20% |
| Price/SF | $174 | $181 | $187 | $180 | $176 | -2% |
| Avg Price | $292,371 | $300,035 | $316,890 | $298,905 | $293,792 | -2% |
<$250k
| Mar ’23 | Apr ’23 | May ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 2,248 | 2,148 | 2,617 | 13,588 | 10,725 | -21% |
| New Pendings | 1,846 | 1,839 | 2,128 | 10,942 | 9,096 | -17% |
| Closed Sales | 1,724 | 1,488 | 1,636 | 9,503 | 7,540 | -21% |
| Price/SF | $122 | $125 | $126 | $128 | $123 | -4% |
$250k to $500k
| Mar ’23 | Apr ’23 | May ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 1,413 | 1,563 | 2,001 | 9,087 | 7,084 | -22% |
| New Pendings | 1,149 | 1,369 | 1,648 | 7,375 | 6,238 | -15% |
| Closed Sales | 1,163 | 1,075 | 1,423 | 6,491 | 5,328 | -18% |
| Price/SF | $185 | $189 | $195 | $188 | $187 | -1% |
>$500k
| Mar ’23 | Apr ’23 | May ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 701 | 825 | 1,009 | 4,197 | 2,523 | -16% |
| New Pendings | 430 | 531 | 649 | 2,645 | 2,288 | -13% |
| Closed Sales | 401 | 386 | 565 | 2,340 | 1,846 | -21% |
| Price/SF | $239 | $248 | $244 | $243 | $241 | -1% |
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