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Southeast Michigan Housing Report April 2023


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SEMI 5-County Summary


Mar. New Listings
+2% from last month


New Pendings
-10% from last month


Closed Sales
+26% from last month


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


Avg. Sale Price
+5% from last month

All Price Ranges

Jan ’23Feb ’23Mar ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken4,9304,8054,90213,53114,6378%
New Pendings3,7284,0623,63811,36011,4281%
Closed Sales2,2892,5633,2419,8528,093-18%
Avg Price$267,279$279,444$293,585$283,671$281,666-1%


Jan ’23Feb ’23Mar ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken2,7232,5522,5417,3047,8167%
New Pendings2,1102,1982,0026,2956,3100%
Closed Sales1,3291,3631,6945,4984,386-20%

$250k to $500k

Jan ’22Feb ’23Mar ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken1,5081,4131,5594,2674,4795%
New Pendings1,2021,3961,1973,7203,7952%
Closed Sales7379291,1483,2662,814-14%


Jan ’23Feb ’23Mar ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken6998418021,9602,34219%
New Pendings4164684391,3451,323-2%
Closed Sales2232713991,088893-18%

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