Blog > Housing Report > Southeast Michigan > Southeast Michigan September 2022
Southeast Michigan September 2022

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Available Listings
+1% from last month
New Pendings
-3% from last month
YTD Closed Sales
-7% from last year
YTD Avg Sale Price
+6% from last year
YTD Price Per Sq Ft
+9% from last year
Listings | Change | New Pendings | Change | Months Supply | Change | |
All | 8,316 | 1% | 5,668 | 17% | 1.5 | -14% |
$10k - $150k | 2,482 | 7% | 1,213 | 29% | 2.0 | -17% |
$150k - $250k | 1,517 | 2% | 1,671 | 19% | 0.9 | -15% |
$250k - $500k | 2,545 | -4% | 2,157 | 16% | 1.2 | -17% |
$500k+ | 1,772 | -2% | 627 | -1% | 2.8 | -1% |
YTD Closed | ’22 v ’21 | ’22 v ’20 | $/SF | ’22 v ’21 | ’22 v ’20 | |
All | 31,730 | -7% | 6% | $184 | 9% | 27% |
$10k - $150k | 6,431 | -13% | -26% | $89 | 3% | 9% |
$150k - $250k | 8,857 | -11% | -2% | $160 | 6% | 15% |
$250k - $500k | 12,044 | -6% | 19% | $189 | 9% | 23% |
$500k+ | 4,398 | 10% | 104% | $242 | 8% | 16% |
Southeast Michigan Price/Condition Increasingly Important
< 1 minute Halfway through December, the 2022 YTD average sale price of a single family home in our 5-County Southeast Michigan Region is $307k. That’s up 31% from 2019 and 5% compared [...]
Southeast, Michigan Year-End Market Trends
< 1 minute Passing through the fourth quarter, both market times and the frequency of price reductions are rising but the best listings continue to sell quickly—frequently for full or over-asking price. Market [...]
Southeast Michigan Market Following Seasonal Trends
< 1 minute While interest rates have disrupted the market, most of the recent decline in activity is seasonal. Expect year-end activity and prices to decline slightly faster than in recent years, but [...]