Blog > Housing Report > Southeast Michigan > Southeast Michigan May 2022
Southeast Michigan May 2022
Topics
- Housing Reports
Subscribe
Get the latest Michigan Housing Reports delivered straight to your inbox!
Topics
4,456
Available Listings
+14% from last month
4,725
New Pendings
+6% from last month
13,659
YTD Closed Sales
-4% from last year
$293K
YTD Avg Sale Price
+7% from last year
$177
YTD Price Per Sq Ft
+12% from last year
5-County Activity Summary
Monthly Activity
| Listings | Change | New Pendings | Change | Months Supply | Change | |
| All | 4,456 | 14% | 4,725 | 6% | 0.9 | 8% |
| $10k - $150k | 1,534 | 7% | 1,064 | -3% | 1.4 | 10% |
| $150k - $250k | 707 | 14% | 1,335 | 6% | 0.5 | 8% |
| $250k - $500k | 1,141 | 19% | 1,708 | 11% | 0.7 | 7% |
| $500k+ | 1,074 | 20% | 618 | 9% | 1.7 | 10% |
YTD Closed Activity
| YTD Closed | 22 v 21 | 22 v 20 | $/SF | 22 v 21 | 22 v 20 | |
| All | 13,659 | -4% | 12% | $177 | 12% | 30% |
| $10k - $150k | 3,340 | -10% | -20% | $89 | 5% | 12% |
| $150k - $250k | 3,952 | -8% | 6% | $157 | 7% | 18% |
| $250k - $500k | 4,731 | -3% | 31% | $186 | 11% | 24% |
| $500k+ | 1,636 | 18% | 131% | $243 | 12% | 16% |
Get our Michigan Housing Market Reports right in your inbox
Featured Stories
Interest Rate Challenges + Opportunities for Southeast Michigan
2 minutes The past few years have seen dramatic market shifts with extraordinarily low supplies combined with high demand, which became extreme when the pandemic instantly changed our housing needs by having [...]
2 minutes For the past several years a recurring story we have told is that inventory remains tight. In 2018 with only 7,711 available listings we were reporting on tight inventory levels [...]
Performance Update and Outlook – SE MI, December ’21
< 1 minute Recent Rate of Sales: 2021 began with extreme high demand and low inventory. Through the first half of the year, fierce buyer competition created bidding wars and “over-asking” sales that [...]
