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Washtenaw Housing Report Year End 2023

Demand will continue to exceed supply through the first half of 2024, but expect inventory to loosen as would-be sellers from the past two years step down off the fence. Compared to 2022, 2023 finished strong with its new listings, showings, pendings and prices. Expect that energy to carry over into the first half of 2024. Interest rates are also coming down. They’re expected to drop below 6% sometime in the second half. All of this should make for a strong and more balanced market ahead.

Washtenaw County Single-Family ’23 Summary

3,310

Listings
-16% from last year

2,757

Closed Sales
-17% from last year

$242

Price Per Sq. Ft.
+4% from last year

$476K

Avg. Sale Price
+5% from last year

$1.3B

Closed Volume
-13% from last year

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