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Southeast Michigan Housing Report May 2023


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SEMI 5-County Summary


Apr. New Listings
+5% from last month


New Pendings
+12% from last month


Closed Sales
-13% from last month


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


Avg. Sale Price
+2% from last month

All Price Ranges

Feb ’23Mar ’23Apr ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken3,2074,3184,51819,48015,601-20%
New Pendings3,0143,4833,88415,79613,453-15%
Closed Sales2,5633,2882,87013,88711,011-21%
Avg Price$279,444$292,371$299,330$291,382$285,961-2%


Feb ’23Mar ’23Apr ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken1,7192,2232,13510,2498,049-21%
New Pendings1,6021,8921,9398,5237,150-16%
Closed Sales1,3631,7241,4567,4535,872-21%

$250k to $500k

Feb ’23Mar ’23Apr ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken9811,3991,5556,3595,048-21%
New Pendings1,0541,1611,4015,3614,649-13%
Closed Sales9291,1631,0404,7863,870-19%


Feb ’23Mar ’23Apr ’23YTD ’22YTD ’23YTD (+/-)
Listings Taken5076968282,8722,504-13%
New Pendings3584305441,9121,654-13%
Closed Sales2714013741,6481,269-23%

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