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Southeast Michigan October 2022

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5,603

Sept New Listings
-12% from last month

4,119

New Pendings
-19% from last month

4,376

Closed Sales
-7% from last month

$298K

Avg Sale Price
-7% from last month

$179

YTD Price Per Sq Ft
-4% from last month

5-County Summary

All Price Ranges

JulAugSepYTD ’21YTD ’22YTD (+/-)
Closed Sales3,7663,9753,72233,34331,404-6%
New Pendings3,9864,3443,50836,85434,042-8%
New Listings5,8655,3744,73045,87844,910-2%
Price/SF$189$186$179$168$1839%
Avg Price$325,764$320,920$297,522$293,430$310,5276%

<$300k

JulAugSepYTD ’21YTD ’22YTD (+/-)
Closed Sales2,1132,2662,25920,83318,687-10%
New Pendings2,3662,6962,21523,84321,067-12%
New Listings3,3933,3332,93428,69026,824-7%
Price/SF$149$146$144$136$1435%

$300k to $800k

JulAugSepYTD ’21YTD ’22YTD (+/-)
Closed Sales1,5161,5801,37911,65811,7201%
New Pendings1,4981,5391,19512,03011,925-1%
New Listings2,2461,8111,58415,27716,1186%
Price/SF$201$199$198$184$2009%

>$800k

JulAugSepYTD ’21YTD ’22YTD (+/-)
Closed Sales1371298485299717%
New Pendings122109989811,0507%
New Listings2262302121,9111,9683%
Price/SF$306$311$296$281$3028%

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