Southeast Michigan Housing Report October 2023
SEMI 5-County Summary
4,970
Sep New Listings
-11% from last month
3,663
New Pendings
-13% from last month
3,535
Closed Sales
-13% from last month
$189
Price Per Sq. Ft.
-1% from last month
$314K
Avg. Sale Price
-2% from last month
All Price Ranges
| Jul ’23 | Aug ’23 | Sep ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 5,582 | 5,612 | 4,970 | 56,568 | 44,511 | -21% |
| New Pendings | 4,022 | 4,201 | 3,663 | 39,655 | 33,340 | -16% |
| Closed Sales | 3,515 | 4,067 | 3,535 | 36,723 | 30,254 | -18% |
| Price/SF | $191 | $190 | $189 | $183 | $184 | 0% |
| Avg Price | $327,142 | $321,010 | $314,295 | $309,567 | $309,733 | 0% |
<$250k
| Jul ’23 | Aug ’23 | Sep ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 2,631 | 2,682 | 2,555 | 27,854 | 21,999 | -21% |
| New Pendings | 1,906 | 2,046 | 1,915 | 20,058 | 16,641 | -17% |
| Closed Sales | 1,560 | 1,818 | 1,648 | 17,725 | 14,506 | -18% |
| Price/SF | $127 | $128 | $131 | $132 | $126 | -5% |
$250k to $500k
| Jul ’23 | Aug ’23 | Sep ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 1,974 | 2,050 | 1,633 | 19,946 | 15,186 | -24% |
| New Pendings | 1,522 | 1,592 | 1,299 | 14,556 | 12,170 | -16% |
| Closed Sales | 1,392 | 1,592 | 1,392 | 14,020 | 11,441 | -18% |
| Price/SF | $197 | $198 | $196 | $189 | $192 | 2% |
>$500k
| Jul ’23 | Aug ’23 | Sep ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 977 | 880 | 782 | 8,768 | 7,326 | -16% |
| New Pendings | 594 | 563 | 449 | 5,041 | 4,529 | -10% |
| Closed Sales | 563 | 1,592 | 495 | 4,978 | 4,307 | -13% |
| Price/SF | $251 | $246 | $249 | $242 | $246 | 2% |
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