Southeast Michigan April 2022
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Available Listings
+8% from last month

New Pendings
+26% from last month

YTD Closed Sales
-6% from last year

YTD Avg Sale Price
+8% from last year

YTD Price Per Sq Ft
+13% from last year
| Listings | Change | New Pendings | Change | Months Supply | Change | |
| All | 3,908 | 8% | 5,079 | 26% | 0.8 | -15% |
| $10k - $150k | 1,436 | -6% | 1,306 | 19% | 1.1 | -21% |
| $150k - $250k | 620 | 9% | 1,460 | 26% | 0.4 | -13% |
| $250k - $500k | 960 | 26% | 1,709 | 32% | 0.6 | -5% |
| $500k+ | 892 | 17% | 604 | 30% | 1.5 | -10% |
| YTD Closed | 22 v 21 | 22 v 20 | $/SF | 22 v 21 | 22 v 20 | |
| All | 9,649 | -6% | 0% | $174 | 13% | 28% |
| $10k - $150k | 2,475 | -12% | -28% | $90 | 5% | 14% |
| $150k - $250k | 2,873 | -9% | -1% | $155 | 8% | 17% |
| $250k - $500k | 3,221 | -4% | 16% | $182 | 11% | 22% |
| $500k+ | 1,080 | 19% | 100% | $243 | 12% | 16% |
Market Rewards Well-Prepared Listings
< 1 minute
The Southeast Michigan housing market continues to settle into a healthier, more balanced pattern. Buyer activity remains strong, with new pendings rising 3% year-to-date despite new listings trailing last year [...]
Inventory Builds as Spring Market Takes Shape
< 1 minute
The Southeast Michigan housing market is moving into spring with many of the trends from earlier in the year still in place, now forming a clearer pattern. Compared to recent [...]
Growing Inventory Despite Fewer New Listings
2 minutes
Inventory continues to rise, even as fewer new listings are coming to market. Active listings are up 21% compared to a year ago, increasing from 5,300 to 6,500. At the [...]