Southeast Michigan Housing Report May 2023
SEMI 5-County Summary
4,518
Apr. New Listings
+5% from last month
3,884
New Pendings
+12% from last month
2,870
Closed Sales
-13% from last month
$181
Price Per Sq. Ft.
+4% from last month
$299K
Avg. Sale Price
+2% from last month
All Price Ranges
| Feb ’23 | Mar ’23 | Apr ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 3,207 | 4,318 | 4,518 | 19,480 | 15,601 | -20% |
| New Pendings | 3,014 | 3,483 | 3,884 | 15,796 | 13,453 | -15% |
| Closed Sales | 2,563 | 3,288 | 2,870 | 13,887 | 11,011 | -21% |
| Price/SF | $168 | $174 | $181 | $177 | $173 | -2% |
| Avg Price | $279,444 | $292,371 | $299,330 | $291,382 | $285,961 | -2% |
<$250k
| Feb ’23 | Mar ’23 | Apr ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 1,719 | 2,223 | 2,135 | 10,249 | 8,049 | -21% |
| New Pendings | 1,602 | 1,892 | 1,939 | 8,523 | 7,150 | -16% |
| Closed Sales | 1,363 | 1,724 | 1,456 | 7,453 | 5,872 | -21% |
| Price/SF | $120 | $122 | $125 | $127 | $122 | -4% |
$250k to $500k
| Feb ’23 | Mar ’23 | Apr ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 981 | 1,399 | 1,555 | 6,359 | 5,048 | -21% |
| New Pendings | 1,054 | 1,161 | 1,401 | 5,361 | 4,649 | -13% |
| Closed Sales | 929 | 1,163 | 1,040 | 4,786 | 3,870 | -19% |
| Price/SF | $180 | $185 | $190 | $186 | $184 | -1% |
>$500k
| Feb ’23 | Mar ’23 | Apr ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
| Listings Taken | 507 | 696 | 828 | 2,872 | 2,504 | -13% |
| New Pendings | 358 | 430 | 544 | 1,912 | 1,654 | -13% |
| Closed Sales | 271 | 401 | 374 | 1,648 | 1,269 | -23% |
| Price/SF | $232 | $239 | $248 | $243 | $240 | -1% |
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