Southeast Michigan Housing Report March 2023
SEMI 5-County Summary
3,197
Feb. New Listings
-9% from last month
3,275
New Pendings
+3% from last month
2,504
Closed Sales
+9% from last month
$173
Price Per Sq. Ft.
-3% from last month
$279K
Avg. Sale Price
+4% from last month
All Price Ranges
| Dec ’22 | Jan ’23 | Feb ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 2,816 | 3,498 | 3,197 | 7,633 | 6,695 | -12% |
| New Pendings | 2,546 | 3,177 | 3,275 | 6,827 | 6,452 | -5% |
| Closed Sales | 3,128 | 2,288 | 2,504 | 6,123 | 4,792 | -22% |
| Price/SF | $164 | $166 | $167 | $167 | $167 | -1% |
| Avg Price | $296,710 | $267,322 | $278,631 | $274,599 | $273,231 | 0% |
<$250k
| Dec ’22 | Jan ’23 | Feb ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 1,745 | 1,928 | 1,704 | 4,291 | 3,632 | -15% |
| New Pendings | 1,460 | 1,791 | 1,794 | 3,893 | 3,585 | -8% |
| Closed Sales | 1,780 | 1,328 | 1,336 | 3,529 | 2,664 | -25% |
| Price/SF | $124 | $122 | $121 | $126 | $121 | -4% |
$250k to $500k
| Dec ’22 | Jan ’23 | Feb ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 757 | 1,104 | 981 | 2,324 | 2,085 | -10% |
| New Pendings | 824 | 1,056 | 1,110 | 2,170 | 2.166 | 0% |
| Closed Sales | 1,024 | 737 | 906 | 1,978 | 1,643 | -17% |
| Price/SF | $176 | $179 | $179 | $178 | $179 | 0% |
>$500k
| Dec ’22 | Jan ’23 | Feb ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 314 | 466 | 512 | 1,018 | 978 | -4% |
| New Pendings | 262 | 330 | 371 | 764 | 701 | -8% |
| Closed Sales | 324 | 223 | 262 | 616 | 485 | -21% |
| Price/SF | $224 | $237 | $232 | $237 | $234 | -1% |
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